Algeria: Criminal network dismantled with 1.63 billion dinars in assets seized

A major police operation by the regional anti-organized crime unit has dismantled a network involved in money laundering, tax evasion, and the forgery of commercial and banking documents. Fifty-nine suspects were arrested and brought before the prosecutor at the El Hadjar court in Annaba. Authorities confiscated assets valued at 163 billion centimes (1.63 billion dinars), comprising 32 properties, 35 vehicles, over five kilograms of precious metals, and 400 million centimes in cash. Investigations revealed that the group operated using fake trade registers and 119 bank accounts to facilitate suspicious financial movements.