CEO of Moroccan Real Estate Firm Arrested for Massive Fraud Scheme
As he was about to leave the national territory, Mohamed El Ouardi was arrested and then placed in police custody at the central police station in Casablanca. It was these some 200 real estate buyers he had defrauded who facilitated his arrest.
The some 200 buyers in fact surrounded Mohamed El Ouardi, before calling the police who proceeded to his arrest, reports MFM Radio. They claimed to have been defrauded by the president of the Bab Darna Immobilier group.
He is also accused of unpaid bills with the service providers of his company. After 48 hours in custody, Mohamed El Ouardi was brought before the prosecutor of the King near the court of first instance of Aïn Sebaâ, on Saturday, November 23, 2019.
In total, 200 complaints have been filed against Bab Darna Immobilier. The group owns several projects in Dar Bouazza, Casablanca, Deroua, Mohammedia, Ouarzazate, Agadir, Marrakech and Tamaris.
A few months ago, Bab Darna had launched a large-scale communication campaign featuring TV stars offering three apartments for the price of two. It seems, given these legal problems, that this was just hot air...
Related Articles
-
Global Halal Boom: Google Trends Reveal Surge in Interest Beyond Muslim Countries
20 August 2025
-
Stranded Swiss Family of Nine Escapes Air Canada Chaos with $14,000 Royal Air Maroc Rescue
18 August 2025
-
Love Island Winners Molly and Tom Flaunt Lavish Marrakech Getaway at Exclusive Nobu Hotel
18 August 2025
-
Moroccan Retail Giant Atacadão Fuels Label’Vie’s Explosive Growth, Eyes 19 Billion Dirham Target
18 August 2025
-
Stellantis Gears Up: Morocco to Produce Popular ’Grande Panda’ Model, Training Workers in Serbia
18 August 2025