The financial center near the court of Sidi Mhamed condemned the Turkish subcontractor Mapa and the Italian company Rizzani to a fine of more than 5 billion dinars each. The same body forced the two companies to resume work on the project to enter the port of Djendjen in El Eulma.

It should also be noted that the former CEO of Algérienne des Autoroutes (ADA), Ali Khelifaoui, was sentenced to 2 years in prison and a fine of 200,000 DA. Indeed, Ali Khalfaoui and the two aforementioned companies are accused of corruption. And this, in relation to the illegal procurement of the Djendjen – El Eulma project. In particular, the manipulation of the exchange rate.

According to what the generalist Arabic-language daily reports El Khabar, Rizzani and Mapa are paid in euros at the exchange rate on the day of invoicing. That is, 102 dinars for one euro (in 2013 when the basic contract was concluded). However, this rate rose to 122 dinars for one euro (in 2016 when the work was launched). This caused considerable monetary losses to the public treasury Knowing that this project exceeded the deadline set in the contract (72 months).

Here are more details on the project of the penetrating Djendjen – El Eulma

In the same vein, it should be noted that the progress rate of the work of the said project in 2021 was less than 50%! Moreover, the same media source indicated that this case is part of the money laundering file in which several people took part.

Like the brother and adviser of ex-president Abdelaziz Bouteflika and former businessmen, in particular Ali Haddad. Indeed, Ali Haddad was sentenced to 15 years in prison in this case.

California18

Welcome to California18, your number one source for Breaking News from the World. We’re dedicated to giving you the very best of News.

Leave a Reply