Algiers, Algeria – A major criminal network involved in money laundering and tax evasion has been dismantled in the capital, authorities announced today. The operation, led by the First District of the Judicial Police of the Algiers State Security, resulted in the arrest of four suspects and the seizure of over 14 billion centimes.
According to a statement released by the Algiers State Security, the operation was conducted under the supervision of the competent regional prosecutor’s office. It followed the exploitation of intelligence regarding the activities of an organized criminal network specializing in illicit financial activities.
“Following thorough investigations, our officers were able to identify and apprehend the individuals involved in this network,” the statement read. The investigation led to the seizure of 14.275 billion centimes and two vehicles allegedly used to transport the illicit funds.
The suspects have been presented before the Public Prosecutor at the Sidi M’Hamed Court, where they will face charges related to money laundering and tax fraud, according to the same source. This successful operation underscores the commitment of Algerian law enforcement to combatting financial crime and ensuring the integrity of the nation’s economy.
The Algiers State Security has reaffirmed its dedication to pursuing and prosecuting individuals and networks engaged in illegal financial activities, sending a strong message that such crimes will not be tolerated. Further details regarding the ongoing investigation are expected to be released as they become available.
