Britain extradites Algeria ex-tycoon Khalifa

Image
AFP Algiers
Last Updated : Dec 25 2013 | 12:00 AM IST
Rafik Khalifa, a former Algerian tycoon who once owned an airline and a string of companies, was extradited to his homeland from Britain , a news report today said.
He took refuge in Britain in 2003 when his business collapsed, costing the Algerian state and individuals between USD 1.5 billion and USD 5 billion.
In 2007, Algeria convicted him in absentia of criminal involvement and fraud, sentenced him to life in prison and demanded his extradition.
Britain's Home Office said last week that Khalifa had been refused leave to appeal to the Supreme Court on December 3 and would be extradited within 28 days of that date, the APS news agency reported.
Subsequently, the European Court of Human Rights rejected an appeal that would have suspended the British extradition move.
Once considered the "golden boy" of Algeria, Khalifa went from obscurity to build an empire that also included a bank and television stations, and employed 20,000 people in Algeria and Europe.
French authorities are also seeking to extradite Khalifa on fraud and embezzlement charges, but the Algerian request takes precedence.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 25 2013 | 12:00 AM IST

Next Story