Moroccan, Algerian and Mauritanian security agencies together dismantled a major money laundering network involved in drug trafficking.
Information exchange between the three countries led to uncovering eleven companies suspected of serving as a façade for narcotics smugglers, As-Sabah reported on December 15th.
Algeria on December 7th sent three defendants to court on charges of using the enterprises to launder more than 100 billion centimes and 8 million euros in hard currency, according the Moroccan newspaper. A search is still under way for a fourth party in the same case.
Among the involved companies is an exportation and importation enterprise in Ghardaia, Algeria. Investigations and auditing of its accounts revealed trade relations with companies in Morocco and Mauritania. Another company sent SUVs to drug traffickers in Hassi Messaoud and In Amenas, though it specialised in gear rentals, according to Algeria’s El Khabar.
Detailed news link: here
