Wed. Sep 18th, 2024

Algerian security services have launched a wide-ranging investigation into suspected corruption after discovering that a number of dead people benefited from the annual travel grant provided by banks.

Initial investigations revealed that some bank employees had manipulated the passports of the dead to obtain the grant allocated for travel abroad.

The newspaper explained that several of the employees involved were arrested and placed in temporary detention, while the case was referred to the competent court to complete the legal procedures.

A source revealed to the newspaper that illegal operations were carried out in several bank branches in the Khenchela region, where the dead were able to obtain the grant in exchange for sharing the interest resulting from the sale of hard currency on the black market.

Reports indicated that the process of benefiting from travel grants is in high demand during the summer months, due to Algerians traveling abroad to spend their holidays, especially to Tunisia.

Algerian families resort to taking advantage of the financial difference in the currency value, as the passport holder benefits from an amount ranging between 90 and 105 euros for about 16,000 Algerian dinars, while the price of the same value on the black market reaches about 24,200 dinars for 100 euros.

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