Algeria sends richest man to jail over graft

Algeria's richest man Issad Rebrab has been detained in jail on the public prosecutor's orders, state media reported yesterday a day after his arrest as part of a corruption probe. Rebrab, the 74-year-old chief executive of Algeria's biggest privately-owned conglomerate Cevital, is "suspected of having made fake statements concerning the transfer of funds to and from abroad," APS reported. Forbes magazine lists Rebrab the sixth-wealthiest in Africa, with a net worth of $3.38 billion in 2019.