Only EU countries endorse ‘Crimea annexation’ term at Riga summit — declaration
Russian Baltic Fleet marines perform naval landing from world's biggest hovercraft
Donetsk Republic: Kiev’s military violate ceasefire 27 times
Proton failure to affect commercial launches, says Russian space center director
Russia,Turkey plan to sign intergovernmental agreement on Turkish Stream by end of June
Donetsk Republic: Kiev’s military violate ceasefire 27 timesWorld May 23, 10:04
Anti-Putin media campaign aims to discredit authorities — Kremlin administration chiefRussia May 23, 3:30
Russia’s Olympic Sochi to host 2017 Winter World Military GamesSports May 22, 21:54
Russia will take tough position in case Ukraine refuses to repay debts — PM MedvedevRussia May 22, 21:47
Russia continues attempts to rescue Russians from captivity in Ukraine — KremlinRussia May 22, 21:41
Russian lawmaker: West is growing disappointed with UkraineWorld May 22, 21:32
Azerbaijan set to strengthen cooperation with European Union — TuskWorld May 22, 21:22
Russia’s Finance Ministry sues tycoon PotaninRussia May 22, 21:10
Protective duties may be imposed on import of dairy products to Russia — ministryEconomy May 22, 20:50
PRETORIA, December 25. /ITAR-TASS/. Founder of the biggest in history of the country financial pyramid billionaire Rafik Khalifa has been extradited to Algeria. As Algerian media reported on Wednesday, in compliance of an agreement with British authorities, he was brought from London, where since 2003 he was hiding from the investigation of fake bankruptcy and embezzlement.
In spring 2007, the court of Algerian city of Blida gave Khalifa a life sentence in absentia, finding him guilty of embezzlement of 3.2 billion dinars (over €320 million) entrusted by the depositors of his bank. All these years, the UK delayed the charlatan’s extradition.
Khalifa is the son of one of the ministers of the first government after Algeria declared independence. A pharmacist by training, in 1998, he founded the bank in his own name, where lured many customers with promises of unusually high returns from investments. It was the first private bank in Algeria since the beginning of liberalization of the economy and the general nationalization. Then he established an air carrier, Khalifa Airways, and a TV broadcaster in France, Khalifa-TV.