Paradise Papers Accuse Four Algerian Personalities Of Creating Fake Companies

The International Association of Journalists (IAJ) uncovered new leaks that are called “The Paradis Papers” which deal with global tax smuggling of influential figures in a number of countries, such as the US President Donald Trump, the close associates of the Russian President and the British Queen Elizabeth, with the names of four well-known Algerian figures in the business and finance area.

The French newspaper “Le Monde” revealed, on Sunday, the largest series of investigations after the “Panama Papers” that sparked scandals in a number of countries, including Algeria since about 18 months ago, and as it reported, on Sunday, the first results of investigations that are conducted by the “International Office of Investigative Journalists”, which includes 96 media in 67 countries, and information based on 13.5 million financial documents from a Bermuda-based international law firm called Applebee’s office, as there documents were obtained by the German newspaper Suddeutsche Zeitung.

The leaks include a number of countries and regions that constituted tax smuggling way for the world’s wealthiest people, as they deposit their wealth in exchange for symbolic taxes.

The list of “Paradise Papers” includes 31,000 natural and moral names of businessmen and men of authority including Donald Trump and four Algerian names, and it comes to Yacef Saadi, according to media, who was the leader of the National Liberation Front in Algiers between 1955 and 1957, and he owns the same wealth in the Cayman Islands in the UK, where his daughter owns a financial compound in partnership with a Palestinian actress, as evidenced by HSBC’s accounts.

The new documents refer to the name of the son of a businessman called “Y.R”, as the latter is a manager of a company in the Cayman Islands, and the third Algerian, who was revealed by the leaks of Applebee’s law office, who is Reda Bedjaoui the brother of Farid Bedjaoui and grandson of the former Foreign Minister, Mohamed Bedjaoui, who has a bank account in Geneva, that is run by an office in Singapore for tax evasion.

According to the same source, Reda Bedjaoui, who resides in Quebec, owns several properties, including a luxury apartment that is located in Ramazay, in Montreal, Canada, which he bought for $ 1.8 million, and he also acquired, since Three months ago, Apartments Acadia in Montreal, and the fourth person is the former Energy Minister, Noureddine Ait Laoussine during the era of the former Prime Minister, Sid Ahmed Ghazali, who is considered, according to the leaks a shareholder in several companies, including one oil company in the Maurice Islands and other American companies.

According to the leaked documents, the Applebee’s office runs the Glencore subsidiary company, which illegally explores oil areas in the occupied Western Sahara, despite international organizations’ rejection of the activity, as it is involved in tax evasion with the possibility of Russian complicity with Donald Trump’s campaign team, and investigations revealed that millions of pounds of Queen Elizabeth II are invested in tax paradises.