Issad Rebrab, Algerian entrepreneur and CEO of CEVITAL industrial group. File photo/ AFP
Algeria’s richest man Issad Rebrab has been detained in jail on the public prosecutor’s orders, state media reported on Tuesday a day after his arrest as part of a corruption probe.
The crackdown on alleged graft follows the resignation of veteran president Abdelaziz Bouteflika in early April after weeks of mass protests against his 20-year rule.
Rebrab, the 74-year-old chief executive of Algeria’s biggest privately-owned conglomerate Cevital, was placed in detention overnight according to the APS news agency.
Forbes magazine lists Rebrab as Algeria’s richest man and the sixth-wealthiest in Africa, with a net worth of $3.38 billion in 2019.
He is “suspected of having made fake statements concerning the transfer of funds to and from abroad,” APS reported.
He is also suspected of having imported “used equipment” despite enjoying tax and customs breaks made available by authorities for the purchase of new material.
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.”
Cevital, which he founded, employs 12,000 people and is active in electronics, steel and food, and in recent years acquired businesses in France.
According to Forbes, Cevital also owns one of the largest sugar refineries in the world with the capacity to produce two million tonnes a year.
Algeria’s ex-Prime Minister Ahmed Ouyahia appeared in court as part of a corruption probe, private channel Ennahar TV reported on Tuesday.
Algerian President Abdelaziz Bouteflika’s decision to resign before his mandate ends on April 28 is a step in the right direction. A peaceful and democratic transition that addresses the genuine concerns of the Algerian people will be the best way forward.
The banned ex-UEFA chief Michel Platini was released from custody on Wednesday after hours of questioning in connection with a criminal investigation into the awarding of the 2022 World Cup to Qatar.
Sharjah Police are still searching for an Indian boy, 15, who has been missing from his parents’ home for 13 days now. The boy did not take any of his personal belongings and left home with only Dhs8 of his daily pocket money, according to the boy’s father.
Observers believe that the nearly 18-year conflict will be the major focus of talks between Khan and President Donald Trump when they meet on July 22.
The hackers accessed a system at Bulgaria's tax agency before sending an email from a Russian domain to some local media on Monday with links to data, officials said.