The economic and financial penal center of Sidi M’hamed has delivered its verdict, ordering the confiscation of all seized funds and movable and immovable property, with the imposition of a maximum penalty against the Aissiou brothers, owners of the television channel El Djazairia One, ranging from 15 to 20 years in prison, and a fine of 8 million dinars for each of them, with an international arrest warrant against them.
In the details of the judgments pronounced by the judicial pole, the main defendant in the case, Aissiou Ayoub, was sentenced to 20 years in prison and a fine of 8 million Algerian dinars, against 15 years in prison for Ibrahim and Hamza Aissiou and a fine of 8 million and 20 years in prison for the accused Feniche Samir, with international arrest warrants against them.
In addition, the pole signed a sentence of 32 million dinars in force against the legal persons represented in the accused companies held by the Aissiou brothers, while the court decided to acquit all the defendants who were not arrested. of all charges against them.
The 3 Aissiou brothers, as well as others, have been charged in the case with serious charges, relating to the violation of legislation and expenses related to the movement of capital to and from abroad, money laundering, the use of the facilities granted by commercial activity, issuance of a check without balance, in addition to the occult financing of political parties and the concealment of the proceeds of crime resulting from corruption and money laundering within the framework of an organized criminal group and participation to bleaching.
What was the indictment against the Aissiou brothers?
The prosecution revealed during its oral argument that the companies implicated in this case were used to transfer funds which had been granted to them within the framework of loans intended for investment and to launder them by their owners, the Aissiou brothers, for buy other companies inside and outside the country, and that these companies imported equipment on the basis of investment and through which it enjoys tax and customs privileges and exemptions, so that investigations reveal that it has transferred more than 200 billion centimeters, not counting the smuggling of equipment and devices.
The economic and financial criminal center of Sidi M’hamed had requested a 20-year sentence against the brothers Aissiou Ayoub, Ibrahim and Hamza as well as their accomplice Feniche Samir, and a fine of 8 million dinars, while the representative of public law requested a sentence of 7 years in prison and a fine of one million dinars against the rest of the defendants, and the sentencing of the legal persons represented in the companies charged to 40 million Algerian dinars, with confiscation of all funds and property furniture and real estate seized by the investigating judge.
