Sonatrach scandal: oil family fortune manager behind BCIA money smuggling

Algerian oil officials’ fortune is managed in the US by the mastermind of bank money smuggling. He took advantage from his relation with a senior oil official’s uncle to get luxurious real-estates at low prices, according to investigations.

• A network of oil officials’ relatives and money investment abroad mastermind has been smuggling the Banque Commerciale et Industrielle d’Algerie (BCIA)’s money. This scandal divulged eminent personalities expect the prosecuted mastermind, Echorouk has learnt.
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• The bank scandal suspect went to the US to live there and become a businessman. He created a relations network with oil officials’ relatives to help them in getting luxurious villas. Investigations are underway to make the inventory of all what has been bought.
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• Omar. H. created a relation network in which he was a middleman between oil officials’ sons. He was in charge of organising their meetings in Washington and New Jersey. He run their deals and ensured their contacts with US officials.
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• Sources say the man organised meetings between a senior oil official’s wife and another official’s son. He was a link between the senior official and two foreign men who benefited from Sonatrach’s transferred money.