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It was preserved as a record on September 12; the timeline below shows how it unfolded, with sources. Get the briefing to follow the top situations still developing: three emails a week, sourced and in order.

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2 clusters · 10 sources · 3 days · First seen · Last updated

Algerian money laundering network dismantling

Overview

Algerian authorities in Oran dismantled an international criminal network involved in money laundering, tax fraud, and the recycling of suspicious capital. The operation, led by the Oran Regional Service for the Fight against Organized Crime, resulted in the arrest of 14 individuals.

Investigators identified a scheme involving 33 shell companies used to inject illicit funds into the legal economy. The network reportedly withdrew more than 7,380 billion centimes in cash through bank accounts linked to these entities. Law enforcement seized assets including 29 real estate properties, 11 luxury vehicles, industrial machinery, and various financial holdings, with the total estimated value of seized items exceeding 62 billion centimes. The suspects were presented to the prosecutor at the Fellaoucene court.

Entities

Argenteuil · Le Portel · Police Nationale · National Security Directorate · Oran

Timeline

  1. about 1 month ago

    [CRIME] 2 sources
    Argenteuil police dismantle €559,000 drug trafficking network

    French police dismantled a drug trafficking ring in Argenteuil worth an estimated €559,000, seizing over 31 kg of narcotics and €27,000 in cash following a year-long investigation.

  2. about 1 month ago

    [CRIME] 8 sources
    Oran authorities dismantle international money laundering network

    Algerian police dismantled an international money laundering ring in Oran, arresting 14 members and seizing assets worth over 62 billion centimes, including luxury cars and 33 shell companies.

Sources

1001infos.net · abidjantv.net · algeriepatriotique.com · lavenirdelartois.fr · lopinion.com · netafrique.net · nicematin.com · policeetrealites.com · telesurenglish.net · tsa-algerie.com