The Algerian Ministry of Justice announced the continuing the country's efforts to recover funds embezzled by former oligarchs who were heavily convicted in cases of bribery.

The deputy prosecutor near the Algiers court a declared on Wednesday January 21, on the sidelines of the study day entitled” Novelty in the prevention and fight against money laundering and the financing of terrorism in the light of Law 25-10”, organized by the Court of Algiers that the Algerian justice system has specifically 52 requests for collection to several foreign countries including one in Africa. The minister has added that these requests are constantly monitored by the authorities Algerian judicial authorities, in parallel with the role of the National Commission experts responsible for the recovery of embezzled funds transferred to abroad, who follows this approach and coordinates efforts between different parties involved to achieve this objective.

Fund recovery procedures allowed the recovery of several real estate and movable assets as well as funds. According to the Minister of Justice, Lotfi Boudjemaa in a speech delivered at The occasion of the opening of a study day organized in July last by the High Authority for Transparency and the Fight against Corruption, In recent months, a delegation of the Committee of Experts, set up by the Ministry, has travelled in recent months to the countries concerned, in order to conduct diplomatic initiatives and raise awareness among representatives of foreign authorities to the importance of this action, which resulted in encouraging results.

Lotfi Boudjemaa, had reported last July that 335 international rogatory commissions have were issued to 32 countries to track, freeze, and seize criminal assets, and 53 requests for the return of assets to 11 countries, including one African country.