Algeria sends richest man to jail over graft | The Daily Star
12:00 AM, April 24, 2019 / LAST MODIFIED: 12:00 AM, April 24, 2019

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.

 

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