UPDATE 1-Algeria detains businessman in corruption investigation - radio [Reuters (UK)]
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Source: Reuters
Algeria detains businessman in corruption investigation: radio - Reuters 3 Min Read ALGIERS (Reuters) - Algeria has detained businessman Hassan Larbaoui in an anti-corruption investigation launched after protests ended the rule of President Abdelaziz Bouteflika, state radio said on Friday. Larbaoui is director of a private company called Global Group, which runs a car assembly plant set up in joint venture with South Korea’s Kia Motors. Bouteflika stepped down on April 2 under pressure from the army after mass protests demanding an end to his 20-year rule and calls for his ruling elite to be held to account for corruption. The army, which now holds sway, has promised to act. The court of first instance in Algiers ordered Larbaoui to be detained, along with the head of state bank Banque Nationale d’Algerie (BNA) and two industry ministry officials, state radio reported. Larbaoui’s legal representative was not immediately available for comment. The joint venture company could not be rea
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