Algerian police recover 23 billion centimes from criminal network
Authorities arrested 25 individuals involved in counterfeiting, fraud, and money laundering across multiple regions.
Algerian police dismantled a criminal network involved in counterfeiting, fraud, and money laundering on October 29. The operation, led by the central service for combating organized crime, recovered 23 billion centimes from the group's illicit activities. The network operated across several regions of Algeria.
The Directorate General of National Security (DGSN) reported that the criminals used over 400 fictitious business registrations for fraudulent transactions to move money outside legal channels. This activity caused an estimated loss of 9200 billion centimes to the public treasury. Police seized trucks, cars, seals, and administrative documents during the operation.
25 members of the network were arrested and presented to the national economic and financial crimes division. Investigations supervised by the competent prosecutor's office revealed the methods used to deceive control services.
Why it matters25 individuals face charges for their involvement in a criminal network that defrauded the public treasury of 9200 billion centimes.