police on Monday arrested the country’s wealthiest man hours after detaining four other business tycoons from a powerful family with links to ousted president Abdelaziz Bouteflika, state television reported.
Rebrab, it said, was being questioning by an investigating magistrate and would later be referred to court. Cevital, which he founded, employs 12,000 people and is active in electronics, steel and food, and in recent years acquired business in France. In its report, state television said he was also suspected of having imported “used equipment” despite enjoying tax and customs breaks made available by authorities for the purchase of new material.
Prosecutors are investigating “insider influence to obtain undue advantages and misappropriation of real estate”. One of Algeria’s top businessmen and a Bouteflika backer, Ali Haddad, was arrested in late March as he tried to cross the border into Tunisia with two passports and undeclared currency.
Its amazing how other countries deals with corrupt leaders. Us its enquiries left right and centre with no consequences.
ANC will say what! How does that work? Hai!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
African Bank President calls for the US to up its investments in Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The President of the African Development Bank has called on the United States to up its investment game in Africa as he made the case for the world’s largest economy to look beyond traditional sectors on the continent. Oh so now they want investment but they blame the 'west' for or the problems in africa Really? Why not African countries? One thing that realDonaldTrump does best and I like him for is inward economic development. _AfricanUnion should encouraging Africans to invest in themselves than calling for investment elsewhere. Copy realDonaldTrump policies and prosper. 😭😭😭 It this coming from the president of the highest instution in Africa😭😭 instead of calling on US. Africa should create an environment conjusive to grow their own investments and also create opportunities for its locals to be able to partner US on equal opportunities. 🙏
Source: SABC News Online - 🏆 32. / 51 Read more »
Innovative HIV research could be expanded to Africa: Expert - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Ground-breaking research that has led to two HIV positive patients going into remission in London and Berlin in the past few years could be expanded to Africa.
Source: SABC News Online - 🏆 32. / 51 Read more »
'Incredible' defence gives Brumbies victory in South Africa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Magnificent defending for long periods and opportunism on the rare occasions they attacked earned the Brumbies a 19-17 Super Rugby victory over the Stormers in Cape Town on Saturday.
Source: SABC News Online - 🏆 32. / 51 Read more »
China's Huawei to launch 5G at Africa Cup of Nations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Huawei will roll out 5G phone network for the first time during this summer's Africa Cup of Nations, Egypt's minister of communications and information technology said on Sunday. Hauwei is a perfect example of what could be achieved when investing in R & D ESPECIALLY in partnership with Academia... Industry & Academia working together..... Good news It'll just cost you...
Source: SABC News Online - 🏆 32. / 51 Read more »
China's Huawei to launch 5G at Africa Cup of Nations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Chinese firm will introduce the technology at the 74,000-capacity Cairo International Stadium which is set to host 10 games including the final during the competition. Amazing😮 We need 5G in Africa how much are they sponsoring this tournament?Africa underpaid
Source: SABC News Online - 🏆 32. / 51 Read more »