Algeria's jailed tycoon Mahieddine Tahkout faces new trial over a billion-euro fortune hidden in Switzerland and France
Billionaires Africa | 27.05.2026 09:55
Mahieddine Tahkout, the jailed Algerian automobile mogul who built his fortune assembling Hyundai vehicles and running bus fleets for state transport contracts under President Abdelaziz Bouteflika, has appeared before Algeria's specialised anti-corruption tribunal on new charges that allege he concealed more than a billion euros across Swiss bank accounts and French real estate while serving an existing prison sentence.
