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Former Minister of Finance Loukal remanded in custody

September 28, 2021

ALGIERS- The former Minister of Finance, Mohamed Loukal, was remanded in custody by the investigating judge at the economic and financial penal division of the tribunal of Sidi M’hamed.

He is suspected of charges related to abuse of office and granting undue advantages and privileges when he was CEO of the External Bank of Algeria (BEA), a position he held from 2001 to 2016, before holding the position of the head of the Bank of Algeria.