Algeria’s richest man held in jail in graft probe

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ALGIERS: Algeria’s richest man Issad Rebrab has been detained in jail on the public prosecutor’s orders, state media reported Tuesday a day after his ...

: Algeria’s richest man Issad Rebrab has been detained in jail on the public prosecutor’s orders, state media reported Tuesday a day after his arrest as part of a corruption probe.

Forbes magazine lists Rebrab as Algeria’s richest man and the sixth-wealthiest in Africa, with a net worth of US$3.38 billion in 2019. Earlier on Monday, Rebrab tweeted that he had gone voluntarily to a police station to discuss “equipment that has been held up at the Algiers port since June 2018”. The arrests come after army chief Ahmed Gaid Salah called on prosecutors to “accelerate the pace” of corruption probes into those with ties to Bouteflika’s inner circle.

Abdelkader, Reda, Karim and Tarek Kouninef have dealings in everything from agribusiness to civil engineering.

 

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