Algeria arrests five billionaire tycoons after president’s ouster

//Algeria arrests five billionaire tycoons after president’s ouster

Algeria arrests five billionaire tycoons after president’s ouster

Algerian police arrested the country’s wealthiest man hours after detaining four other tycoons from a powerful family with links to ousted president Abdelaziz Bouteflika, state television reported.The five are being investigated for corruption and include Issad Rebrab, the CEO of Algeria’s biggest privately-owned conglomerate Cevital, according to the state broadcaster on Monday.Forbes magazine lists Rebrab as Algeria’s richest man and the sixth-wealthiest in Africa, with a net worth of US$3.38…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-04-23T04:45:05+00:00 April 23rd, 2019|World|Comments Off on Algeria arrests five billionaire tycoons after president’s ouster