Algeria: Issad Rebrab, the CEO of the largest private group incarcerated

Surprisingly, the gendarmerie on Monday arrested businessman Issad Rebrab, CEO of the Cevital group considered the first fortune of Algeria, for "false statement on capital movements."

Issad Rebrab, CEO of the first private group in Algeria, Cevital, and considered as the first fortune of the country, was incarcerated on the night of Monday, April 22, at the end of his presentation to the prosecutor's office as part of an investigation. anti-corruption, announced Tuesday the official Algeria Press Service. Between the Algerian government and the businessman, the relations are somewhat strained for several years where some of his projects are blocked for import as for export.

The boss hunt?

After Ali Haddad, Issad Rebrab is the second businessman to be placed under court order. Even if his arrest comes after those of four brothers of the Kouninef family, at the head of an empire ranging from agribusiness to civil oil engineering, the latter have not yet appeared in court....