Saidal top executives appear in court

A court in Algiers will hear on Saturday executives of a branch of Algeria’s pharmaceutical company Saidal accused of granting unjustified concessions over deals.

• Investigations which started on January 12, 2006 showed that ex-CEO of Pharmal, human resources director and some executives at Saidal caused more than 100 million DZ loss in association with four contractors.
• According to documents, the contractors benefited from unjustified concessions over deals.
• The former CEO who held his position in 2005-2006 told investigators his institution is not submitted to public deals law denying any breach in signing the deals.