Mahieddine Tahkout corruption case: billions diverted and laundered abroad to be heard in court
via Algérie3602 hours ago2 min read
The Sidi M'hamed economic and financial penal division court will hear a prominent corruption case on April 27, involving the transfer of billions of dinars belonging to imprisoned businessman Mahieddine Tahkout. These funds were allegedly diverted by private investors and then laundered through the acquisition of real estate abroad. Investigations by the third chamber of the economic and financial division uncovered money laundering and concealment of criminal proceeds, implicating four investors in misappropriating funds from Mahieddine Tahkout and his family. The main suspect, identified as "N.S.", a consulting firm manager, received 35 billion centimes from Tahkout for a large project. After Tahkout's arrest, the project was abandoned, but "N.S." allegedly did not return the funds. Instead, he transferred them to a Swiss bank account, then to an account in Spain, where the money was laundered by purchasing four luxury apartments and opening a new account for the remaining sums. Additionally, Ibrahim Tahkout filed a complaint alleging he was defrauded by two brothers, identified as the "G. brothers," who offered to intervene with the justice system for 15 billion centimes to secure Mahieddine's acquittal and release. They are also suspected of concealing vehicles belonging to Mahieddine Tahkout. The accused will appear before the first section of the economic and financial division. "N.S." faces charges including money laundering within a criminal organization, concealment
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Original source
This summary was AI-generated from a story originally published by Algérie360.
