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Panama Papers: ICIJ overwhelms Algerian milk importer [DOCUMENTS]


Algeria – The Algerian judiciary has appealed to the Swiss Federal Criminal Court in the case of misappropriation of money for milk subsidies by an Algerian importer. The information was revealed by Swiss media.ch Swissinfo.ch, according to which the illegal profits of milk importers in the framework of Algerian State subsidies were sequestered in Geneva.

In an article published Monday by the International Consortium of Investigative Journalists (ICIJ), which revealed among other things the Panama Papers scandal, overwhelming documents were unveiled.

According to the judgment of 18 July 2018 issued by the Swiss court, a rogatory commission was sent by the Investigating Judge specialized pole near the court of Sidi M'hamed (Algeria), which "required the cooperation Swiss authorities in the context of a diligent investigation of the heads of criminal organization and money laundering within the framework of a criminal organization ". Following this request, Switzerland ordered local financial institutions to provide copies of bank accounts used by, inter alia, the importer Zoubir Bererhi.

In the "new documents" revealed today by the ICIJ, we note that Zoubir Bererhi had opened at least two accounts to the Credit Suisse banking group. Both accounts were opened in September 2007 and January 2008, respectively under the name "Dairy Food Ingredients LTD" and "Oxford Chemical LTD". The latter company is co-owned with a certain Jawed Bererhi born in 1971, son of Zoubir Bererhi.

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