MP calls for investigating embezzlement

Algerian parliamentarian Lakhdar Bin Khalaf said that he met with Algerian Prime Minister Abdel Maguid Taboon, saying that the Algerian official pledged to eliminate corruption witnessed in the different economic sectors. He added that they will call for opening an investigating committee to discuss the claims related to corruption.

The senior leader of the Justice and Development Front said, in an interview with "Al Maghrib Today", that the confessions of the Algerian Prime Minister on the embezzlement of 70 billion dinars without achieving any productive investments during the governments of Abdelmalek Sallal are considered an official recognition by a senior official in the Algerian government over the involvement of the former government in corruption.

 He said that he was courageous enough to reveal the extent of the corruption witnessed during the era of former government, even though the prime minister’s talk does not reflect the reality. But what Tibon did is enough, he said, adding that there is no need to stop at this point, but rather justice and punishment for those involved in wasting public money.

Lakhdar bin Khallaf believes that Abdul Majeed's remarks about the waste of about 70 billion Algerian dinars in the failed public projects did not achieve any positive results related to the upcoming entitlements whether the local elections to be held by the end of this year or presidential benefits, which cast an early shadow on the political arena as evidence of conflict.

He expected that the gas prices will witness a state of stability during the coming period on the international markets, saying that the developments witnessed in Syrian could negatively affect the international markets of oil. He added that Algeria will keep its position as the first supplier of oil to a large number of European countries.

Regarding the Italian decision to freeze the import of gas from Algeria, he said, “If Italian companies decided to freeze the import of gas from Algeria, they would pay compensations to the Algerian authorities for violating the contracts concluded between the two parties.”

On the other hand, the economic expert expressed his support for the decision to review Algerian Fuel Law to cope with the current position of the Algerian market. He added that the current law does not cope with the recent developments witnessed in the international market.

He called on the Algerian government to postpone the fifth international tender for exploration and exploitation of hydrocarbons for several reasons, saying that the most important of these reason is that the price of $ 50 a barrel and the hydrocarbon law currently in force will not attract major international companies to participate in it.