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النهار أونلاين
Council affirms verdict for Kouninef
The head of the Sixth Criminal Chamber at the Court of Algiers upheld the verdict against businessman Rida Kouninef and his son-in-law N.A. in a corruption case related to illegal benefit from an agricultural investment in Zeralda spanning 11 hectares. The case also involved money laundering of illicit proceeds. Sentences ranged from 4 to 10 years in prison, with fines reaching up to 8 million Algerian dinars, along with the confiscation of properties and real estate. The rulings were issued after the defendants appeared before the court and after investigations revealed manipulation of the investment and the transfer of its profits for money laundering purposes.
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