Bank Director and Accomplices Jailed for Forging Army Credentials in Moroccan Loan Scam

The criminal chamber of the Court of First Instance in Rabat sentenced the four individuals to prison terms ranging from 2 to 3 years, with a flat fine of 5,000 dirhams for each of the defendants.

According to Assabah, the credit institution, "Barid Bank", moreover, was entitled to compensation of around 300,000 dirhams, for the damages suffered, following the production by the defendants of false certificates of employment and salary, in order to take out consumer loans in the name of army officers.

The four accused were charged with crimes related to corruption, embezzlement and misappropriation of public funds, forgery and use of administrative documents, then counterfeiting of state seals.

The daily writes that the Director of the "Barid Bank" Agency, sentenced to 3 years in prison, managed to unlock a total of 27 credits for the benefit of the other people. The newspaper adds that several directors of "Barid Bank" agencies, involved in these operations of embezzlement of public funds, were not prosecuted by the justice system.