Investigating judge appoints administrators for Haddad, Tahkout and Kouninef groups

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ALGIERS– The investigating judge, in charge of the cases of companies belonging to Haddad, Tahkout and Kouninef groups, has issued orders appointing three administrators, certified financial experts, for the management of those companies, said the public prosecutor of the Court of Algiers in a statement, a copy of which reached APS.

 

“As part of investigations against some businessmen and business owners, including Haddad, Tahkout and Kouninef, with a view to ensuring the continuity of the activities of those companies, preserving jobs and enabling them to fulfil commitments towards third parties, the investigating judge, in charge of the cases, has issued, on 22 August 2019, orders appointing three administrators, certified financial experts,” said the statement.

Those administrators have been entrusted the management of those companies in accordance with the Commercial Code and the Penal Code, added the statement.

“Same measures will be adopted for the other cases of private business owners, who are subject to judicial proceedings,” concluded the statement.

 

APS

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