Algeria recovers $20bn in looted funds, President says

President of Algeria Abdelmadjid Tebboune in Algiers, Algeria on October 13, 2022 [Fazil Abd Erahim/Anadolu Agency]

Algerian President Abdelmadjid Tebboune has revealed that $20 billion of the money looted in corruption cases has been recovered by the state.

“We have recovered about $20 billion and there are mechanisms to recover the [looted] money stored here and there,” he explained.

Regarding international affairs, Tebboune denied any mediation by any party between Algeria and Morocco. “If there is a mediation, the people have the right to know it,” he said.

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