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President Tebboune urges more flexible mechanisms in recovery of state assets, embezzled funds 

During the meeting of the Council of Ministers he chaired Monday, the President of the Republic, Abdelmadjid Tebboune instructed the Government to enrich the bill on the creation of a national Agency for the Management of Frozen, Seized, and Confiscated Assets, by defining more flexible mechanisms in terms of recovery of state assets and embezzled funds, the Council of Ministers said in a statement.

During the examination of the section relating to the creation of the agency, the statement said, President Tebboune instructed the government to enrich the draft law on this body, taking into account several points, including “the definition of more flexible mechanisms in terms of recovery of state property, and the lightening of bureaucratic procedures, so as to allow the recovery of all embezzled funds”, while “showing realism in the processing of anti-corruption files, through the adoption of direct simplified mechanisms, far from the complications that tend to perpetuate this phenomenon”.

The President of the Republic also stressed the need to ” devote the supremacy of the Law and to put the protection of the citizen at the top of the priorities and at the centre of the concerns of the State “, noting that ” the Institutions of the State are called to continue the fight against any form of corruption, whatever its ramifications, in coordination with the authorities and countries concerned “.

In this context, Mr Tebboune expressed “his satisfaction with the cooperation perceived in certain European countries concerning the recovery of misappropriated funds”.

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