Naftal 2: New scandal before the court of justice at the end of November

Penal Pole Court of Sir M’hamed in Algiers will consider on the end of November, the case of embezzlement at company’s branch in Sidi Rezine in Harrache, in which six defendants, led by the company’s Treasurer, contractors and traders who will face charges related to the misdemeanor of embezzlement of public funds, forgery and use of forger in official documents.

It is known that this is the second issue which affects Naftal company in Algeria, after that which was disposed of by the Court of Sidi M’hamed recently, related to stealing fuel from Naftal’s Karoubier oil station, and in which 21 accused out of 26 were convicted of penalties between 3 and 7 years of forced imprisonment.

File of “Naftal 2” will be opened after Court’s Judge decided to defer the file on the end of last week, due to the absence of witnesses and a request from the defense of civil party representing Naftal, which faced financial damage that is estimated at about 3 billion centimes and a half.

Opening of the file of this case due to information which reached the services of the financial and economic team, regarding the involvement of people in the exploitation of checks of Naftal illegally, causing a financial loophole estimated to three billion centimes and a half, as the defendants were able to withdraw money illegally through fraud and swindling.

At the beginning of the investigation Naftal’s key accountant was accused, however, he denied all the accusations against him, saying that he worked in a legal way.