Algeria: Public Prosecution Calls for Life Imprisonment to Main Suspect in Khalifa Bank Case

Members of the Research and Intervention Brigades (BRI) stand guard outside a court during the trial of senior officials including two former prime ministers in Algiers, Algeria December 04, 2019. REUTERS/Ramzi Boudina
Members of the Research and Intervention Brigades (BRI) stand guard outside a court during the trial of senior officials including two former prime ministers in Algiers, Algeria December 04, 2019. REUTERS/Ramzi Boudina
TT
20

Algeria: Public Prosecution Calls for Life Imprisonment to Main Suspect in Khalifa Bank Case

Members of the Research and Intervention Brigades (BRI) stand guard outside a court during the trial of senior officials including two former prime ministers in Algiers, Algeria December 04, 2019. REUTERS/Ramzi Boudina
Members of the Research and Intervention Brigades (BRI) stand guard outside a court during the trial of senior officials including two former prime ministers in Algiers, Algeria December 04, 2019. REUTERS/Ramzi Boudina

Algerian Prosecutor General of the Criminal Court at the Blida Judicial Council Zuhair Talbi on Wednesday sought life imprisonment against the main defendant Abdelmoumène Khalifa, Former Chief Executive Director of Khalifa Complex, tried in the Al-Khalifa Bank case.

The general prosecutor’s office also requested the confiscation of all his property.

Khalifa and other defendants are prosecuted on charges of “constitution of criminal association”, “falsification of official documents and use of forgery”, “meeting theft, fraud, breach of trust and corruption”, “falsification of bank documents”, and “fraudulent bankruptcy”.

However, he denied all charges, claiming that he has been the victim “of a conspiracy orchestrated with the complicity of the old system”.

In 2015, Khalifa was sentenced to 18 years in prison, accompanied by a fine of DA1 million with confiscation of all of his property. Also, back in 2007, he received a life-imprisonment sentence in absentia.

Top political, media, financial, and sports figures are also involved in this case.

The collapse of Khalifa Group in 2003 and the bankruptcy of Khalifa Bank has caused the state and depositors financial losses estimated at $5 billion.

The hearing continues with the hearing of the rest of the non-detained defendants, who all appeared in court, in addition to the lead defendant Abdelmoumène Khelifa, ex-CEO of the Khalifa Group, currently in detention.

Created in 1998, the Khalifa bank was headed by Ali Kaci. The Board of Directors subsequently entrusted the chairmanship of the Group to Abdelmoumène Khalifa, who managed it as Chairman and CEO from 1999 to 2003.



Israel Says it Killed Hamas Commander in Lebanon

A damaged apartment which was hit earlier by an apparent Israeli airstrike, in the southern port city of Sidon, Lebanon, Friday, April 4, 2025. (AP Photo/Mohammed Zaatari)
A damaged apartment which was hit earlier by an apparent Israeli airstrike, in the southern port city of Sidon, Lebanon, Friday, April 4, 2025. (AP Photo/Mohammed Zaatari)
TT
20

Israel Says it Killed Hamas Commander in Lebanon

A damaged apartment which was hit earlier by an apparent Israeli airstrike, in the southern port city of Sidon, Lebanon, Friday, April 4, 2025. (AP Photo/Mohammed Zaatari)
A damaged apartment which was hit earlier by an apparent Israeli airstrike, in the southern port city of Sidon, Lebanon, Friday, April 4, 2025. (AP Photo/Mohammed Zaatari)

 

The Israeli military said on Friday it had killed Hassan Farhat, a commander of Palestinian militant group Hamas, in the Sidon region of southern Lebanon. 

The state-run National News Agency said three people were killed in the attack. "A hostile drone raided a residential apartment... in Sidon, causing two successive explosions that led to a fire and extensive damage," reported NNA.

Emergency workers rushed to the scene where they recovered "the bodies of three martyrs," the agency said.

According to local media reports, Farhat's two children were also killed in the attack.

It was the first time an airstrike had hit Lebanon’s third largest city since a tenuous ceasefire agreement brought an end to the latest Israel-Hezbollah war in late November.

Israel has continued to carry out regular airstrikes targeting what it has said are facilities and officials of Hezbollah and allied groups since the ceasefire.