Algeria: The judicial investigation revealed that the former finance minister Mohamed Loukal, accused in corruption cases, had concluded a suspicious agreement for the benefit of an Emirati bank.
An-Nahar Online has revealed that Lokal, who has been in pre-trial detention pending investigation since September 2021, was involved in a deal to sell a building in the upscale Hydra district to an Emirati bank after several negotiations. with the External Bank of Algeria.
Investigations, according to the same source, concluded in the filing that the actual price of the building was well above the price won by the UAE bank, while Local said it had agreed to sell the building. to the Emiratis because the offer from the United Arab Emirates was very suitable.
As a reminder, last September, the investigating judge of the criminal division specializing in financial and economic affairs at the court of Sidi M’hamed in Algiers ordered the temporary detention of the former Minister of Finance Mohamed Loukal.
media sources reported that the former finance minister had been accused of abusing his position and wasting public money.
