Testimonies of suspects in Khalifa scandal

All the suspects involved in the Khalifa Bank issue held the group’s CEO Abdelmoumene Khalifa responsible for the corruption scandal in Algeria. Earlier in 2007, they appeared in a court in Blida and told serious facts about the golden boy who was on the run in the UK. The trial will start on Monday with the appearance of Khalifa.

Khalifa got loans without guarantees

Suspect Idir Issir, director of the Local Development Bank’s agency in Staouali said Khalifa’s mother refused to put her villa as a guarantee to obtain a loan.

He added that he offered Khalifa an 80-million-dinar loan without a guarantee.

Money carried out in “bags”

Suspect Akli Youcef, an official at Khalifa Bank, said he gave the CEO any sum he wanted in a “bag.” The bank’s agency in Cheraga received about 25 billion centimes every day and then distributed upon request from Khalifa by phone.

Luxury cars and villas for officials at Khalifa group

Suspect Hamou Nkache, a deputy general director in charge of accountancy and budget said Khalifa distributed luxury cars and villas on a number of his bank officials.

Wasted money on soccer players

According to suspect Mouloud Toudjane, a deputy general director in charge of accountancy and budget at Khalifa Bank, soccer players used to earn 40 million centimes following sponsorship contracts.

Inspector in charge of carrying money

Suspect Ahmed Mir, a general inspector at Khalifa Bank said he was asked to keep watch on the bank work. Yet, Abdelmoumene called him and asked him to bring about 500 million centimes from the bank’s agency in Cheraga.

Massage in Talasso Therapy by the State’s money

Suspect Djamel, general director of the Bank’s agency in El Harrach said he gave billions of dinars in “bags” to persons sent by Khalifa. He distributed Talasso Therapy sea water treatment cards for free on directors and officials at public institutions.