Algiers, Algeria – Following an investigation by the National Economic and Financial Crime Unit, authorities have detained Mohamed Shahi and several associates on suspicion of money laundering and related offenses. The case, overseen by the Algiers Court Council, involves allegations of creating shell companies and exploiting influence for illicit financial gain.
According to a statement from the Public Prosecutor’s Office at the National Economic and Financial Hub, the investigation was launched after receiving information about suspicious financial activities. Shahi is accused of laundering substantial sums of money from unknown sources, allegedly derived from fraud and public deception. The investigation revealed a complex network of companies purportedly established to facilitate these activities.
Shahi and his alleged accomplices were presented before the Public Prosecutor on January 15, 2026, and a judicial investigation was initiated. The charges include money laundering of criminal proceeds within an organized criminal group, illegal use of professional facilities, unlawful transfer of capital in and out of the country, exploiting influence to obtain unjustified advantages from public administration, and complicity in the embezzlement of public funds.
After initial hearings before the investigating judge, Shahi was ordered into pre-trial detention. The investigation is ongoing, and further details are expected to be released as the case progresses. This case highlights the ongoing efforts to combat financial crime and corruption within Algeria.
DZWatch will continue to monitor this developing story and provide updates as they become available.
