Regarding the incidents of exchange violations, money transfer and money laundering… The Public Prosecutor requests:
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The Public Prosecutor at the First Criminal Chamber of the Algerian Judicial Council requested, on Wednesday, the imposition of the maximum penalties against the defendants following in the file of the former president of the JS Kabylie Club, Sherif Mellal, his brother Gilas, and three other defendants, up to 10 years of effective imprisonment for corruption incidents related to exchange violations and the transfer of funds abroad.
On the other hand, the representative of the public right sought to fine the legal companies under investigation, amounting to 32 million Algerian dinars, and confiscate the reserves.
These rulings came after the defendants were prosecuted before the Tenth Chamber of the Algerian Judicial Council, on heavy charges related to violating the legislation and regulation related to exchange and the movement of capital to and from abroad, money laundering and criminal proceeds, and concealing and camouflaging the true nature and source of the property, knowing that it is criminal proceeds within the framework of a criminal group using the facilities granted by professional activity.
Investigations into the case file concluded that the main accused in the case file, Sherif Mellal, took advantage of the JSK, as a cover to smuggle money abroad, by making suspicious financial transfers of significant sums of money in hard currency “Euros and Dollars”, through the bank account opened at the level of the Local Development Bank and private to the sports company with shares “JSK SSP” to companies owned by the accused Sherif and his brother, Gilas Mellal.
The international judicial commission issued by the investigating judge of the First Chamber of the Economic and Financial Penal Pole at the Sidi M’hamed Court in the capital on October 26, 2020, also revealed that the accused Sherif Mellal and his brother smuggled approximately 7 billion and 500 million centimes to Germany, specifically Luxembourg. The investigations also resulted in a hard currency smuggling operation, on June 1, 2020, related to an amount of $275,000 from the sports company’s bank account. JS Kabylie to a well-known American bank, which is “JPMPRGAN.CHASE BANK”.
On the other hand, investigations revealed that the former president of the youth group and his brother Gilas own commercial companies, with real estate assets, and have valid bank accounts abroad, specifically in Germany and America.
