ALGIERS- The appeal trial of the Benhamadi brothers, owners of the Condor group, prosecuted for “money laundering, abuse of power and hidden financing of political parties”, began, Sunday, at the Court of Algiers.
The Economic and Financial Pole at the tribunal of Sidi M’hamed (Algiers) pronounced, in December 2021, a sentence of five (05) years in prison, two (02) of which were suspended against Omar Benhamadi, accompanied by a fine of one (01) million Da, for concluding illegal contracts and obtaining undue advantages.
Abderrahmane Benhamadi was sentenced to four (04) years in prison, two (02) of which were suspended, together with a fine of one (01) million Da, while Smail Benhamadi received a sentence of two (02) years in prison, accompanied by one (1) million Da.
The companies “Travocovia” and “GB Pharma”, subsidiaries of the Condor group should, each, pay a fine of four (04) million Da and pay in solidum an amount of 10,000 Da to the Public Treasury.
