The criminal court at the Blida court will open the Khalifa Bank trial today on Sunday. Started in 2003, the liquidation has still not been completed. This is what the liquidator announced.
In an interview, the liquidator of Khalifa Bank Moncef Badsi indicates “that at the moment, the liquidation services are in a most uncomfortable situation.” And this for “non-renewal of the mandate of the liquidator.”
Regarding the reasons for this blockage, the liquidator affirms that he “does not yet know the reasons for this situation. The banking commission, on which we depend, has not been renewed since its previous mandate. Despite this, we remain optimistic ”.
This is also the announcement by Bouteflika in the countryside 3 mandate, announcing “erase all debts incurred by farmers and ranchers who had it said, would be redeemed by the public treasure.“ However, Moncef Badsi explains that “this decision has never been implemented capable of repairing the damage suffered by the community of creditors.”
17 years after the launch of the liquidation services, the liquidator estimates “that two to three years of activity are still necessary to definitively close the liquidation works of khalifa bank.” As for the other companies of the El Khalifa group, “they are all closed with insufficient assets. In other words, these liquidations have made it possible to harvest only a few resources, ”he added.
