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Police dismantle network accused of forging bank documents and laundering money, with 59 arrests

7 November 2026 · Algeria Now

Police dismantle network accused of forging bank documents and laundering money, with 59 arrests — Photo : cdn.lalgerieaujourdhui.dz (adresse collée)

Algeria's national police said on Friday that they have broken up a criminal network accused of forging banking and commercial documents, evading tax and laundering money, arresting 59 people and recovering assets worth more than 163 billion centimes, or about 1.63 billion dinars.

The operation was carried out by the regional unit for combating organized crime in Constantine, which reports to the General Directorate of National Security (DGSN), under the supervision of the competent prosecutor. According to the DGSN, investigators moved in after detecting suspicious financial transactions across several provinces. The network allegedly relied on fictitious commercial registers and sham business deals to disguise its activities and to move money outside legal channels.

Police put the loss to the public Treasury at more than 1,600 billion centimes, or 16 billion dinars. The seized assets include 32 properties, among them villas, luxury apartments, housing units and commercial premises, as well as 35 vehicles, more than five kilograms of jewellery and precious metals, and over 400 million centimes in cash. Investigators also identified 119 bank accounts and recovered forged documents and counterfeit stamps.

The suspects were brought before the public prosecutor at the El Hadjar court in Annaba, in eastern Algeria. The police communiqué names no one and refers only to categories of offences. The figures come from the DGSN and have not been tested in court, and all suspects are presumed innocent until a verdict is delivered.

The case comes as the government steps up efforts to bring undeclared money into the regular economy. Speaking to the National People's Assembly (APN), the lower house of parliament, on Thursday, Finance Minister Mohammed Lamine Lebbou said the 2027 finance bill aims to broaden public revenue and draw informal funds into formal circuits without raising the burden on households.

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