ALGIERS – The Court of Sidi M’hamed of Algiers, on Wednesday, sentenced the Kouninef brothers to terms ranging from 12 to 20 years in prison with the seizure of property inside and outside the country and fines of 8 million DA.
The Réda brothers, Abdelkader-Karim and Tarek-Noah Kouninef, as well as the manager of the KouGC group, Keddour Ben Tahar, are being prosecuted for several charges including “influence peddling”, “money laundering”, “obtaining undue advantages “,” embezzlement of lands and concessions “, and” non-respect of contractual commitments in the implementation of public projects “.
After a trial which took place from September 9 to 14, the Tribunal sentenced Réda to 16 years in prison, Tarek-Noah to 15 years in prison and Abdelkader-Karim to 12 years in prison.
The manager of the KouGC group of which the Kouninef brothers are the owners, Keddour Ben Tahar was sentenced to 8 years in prison.
The four defendants must pay a fine of 8 million DA each, and their property inside and outside the country will be seized, according to the verdict delivered by the judge.
Their sister Souad-Nour Kouninef (on the run abroad) was sentenced to 20 years in prison, with the seizure of property inside and outside the country, and a fine of 8 million DA. The Tribunal ordered that an international arrest warrant be issued against her.
The other people involved in the case, mainly executives from the ministries of Industry, Agriculture, Water Resources, Energy and Telecommunications as well as other sectors where the KouGC group has obtained contracts , were sentenced to terms ranging from 18 months to 3 years in prison and fines ranging from 200,000 DA to one million DA.
The defense decided to appeal the judgment.