Security Services Dismantle Fraud Network, Recover 2.7 Billion Centimes

Algeria's national security services have successfully dismantled an organized criminal network that operated nationally, specializing in defrauding citizens. The operation resulted in the recovery of 2,660,770,000 centimes in national currency, alongside the apprehension of seven individuals. Authorities also seized four vehicles identified as proceeds from the illicit activities of the network.

The criminal enterprise focused particularly on scams related to the buying and selling of vehicles. Investigations revealed that the network operated through two distinct groups, one based in Oran and the other in Tlemcen. Their method involved deceiving victims by presenting bundles of money where only the outer banknotes were of the 2000 dinar denomination, while the interior consisted of 1000 dinar notes.

Further details from the security services indicated that the network engaged in money laundering, using the fraudulently obtained funds to acquire both real estate and movable properties. This successful intervention by national security services underscores ongoing efforts to protect citizens from financial crime and ensure stability within the economy.