It is a potential manna of several billion dollars which is announced for the State: The executive has just drawn up a draft law which provides for the amicable recovery of the money embezzled under the era Bouteflika by businessmen and former officials now behind bars. In its action plan adopted on September 16, 2021 by the Parliament, the government had launched a first trial balloon.
Critics had then fused in the hemicycle. For some deputies, it was a flagrant renunciation of one of the demands of the popular movement, while others wondered about “the ulterior motives” of the approach.
Faced with the outcry, Prime Minister Aymen Benabderrahmane was forced to back down, explaining somewhat cryptically that “the amicable settlement in the recovery of funds embezzled abroad will only concern the foreign companies involved and will in no way affect the judgments and sentences pronounced.
Since September 7, the option is on the table again. This time, a draft bill relatively to the repression of the infringement of the legislation and regulations of foreign exchange and capital movements from and to abroad, adopted in the Council of Government, proposes a legal framework for the recovery of funds embezzled to “preserve the interests of the Plublic treasure “.
Algeria – Ill-gotten gains: “We will never draw up an inventory of all the embezzled money”
The new text also provides for the creation of a national agency for the management of seized or frozen assets resulting from corruption. But by not providing any details on the mechanisms for implementing this plan, the authorities are opening the way to guesswork and speculation. Is it a direct negotiation with the definitively sentenced persons? Of an amnesty or reduction of sadness ?