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Fines

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  • Maroc Telecom Shares Plummet 7.52% After Record Fine Announcement
    5 February 2020, by Sylvanus

    The value of Itissalat Al Maghrib (IAM) or the Maroc Telecom share recorded a dizzying drop of 7.52% in a single day on Monday, February 3, 2020. The reason is the record fine that the company has been ordered to pay.
    7.52%. According to data collected by the Ecofin Agency, this percentage represents the largest single-day decline that Maroc Telecom, the leading capitalization on the Casablanca Stock Exchange, has ever experienced since July 23, 2013, when its share fell by 9.3%.
    In (…)

  • Maroc Telecom Subsidiary in Togo Fined $1 Million for Network Disruptions
    23 May 2021, by Jérôme

    Nearly 10 million dirhams, that’s the fine imposed on Moov Africa Togo, following a procedure opened in October 2020 against it by the Regulatory Authority for Electronic Communications and Posts (ARCEP). The Maroc Telecom subsidiary is accused of having failed in its obligations.
    "Serious and persistent breaches of its obligation to permanently and continuously provide its electronic communications networks and services," this is the grievance against the mobile operator, reports Togo (…)

  • JD Sports Manager Faces Prison for Alleged Racist Remarks to Employees in Belgium
    10 November 2019, by Sylvanus

    Célia, the JD sports manager, is being prosecuted for making racist remarks towards employees, and faces up to one year in prison and a fine. As a prelude to her hearing, she was deprived of her liberty on Friday.
    According to Catherine Collignon, the magistrate at the Liège Prosecutor’s Office, "this deprivation of liberty was the only legislative way to obtain the hearing quickly". Célia regained her freedom just after the interview.
    Facing the judge, the now former JD Sports manager (…)

  • Casablanca Parking Controversy: Motorists Protest ’Illegal’ Fines and Vehicle Boots
    27 August 2024, by Said

    A wave of discontent has hit the city of Casablanca in recent weeks. The cause is the application of new parking fines deemed "excessive and illegal" by motorists.
    The decision provoked a general outcry, particularly on social networks, with motorists denouncing the immobilization of their vehicles by boots and the imposition of hefty fines for non-payment.
    Despite judgments rendered as early as 2014 by several Moroccan courts confirming the illegality of these practices, some (…)

  • Deadly Week on Moroccan Roads: 11 Killed, Nearly 2,000 Injured in Urban Traffic Accidents
    6 March 2019, by Said

    The Moroccan road has killed again last week, according to the figures just released by the General Directorate of National Security (DGSN).
    Thus, 11 people died and 1,956 were injured, including 73 seriously, in traffic accidents that occurred in the urban area, during the week from February 25 to March 3. The Moroccan police recorded a total of 1,478 accidents.
    The causes of these accidents are known, says the DGSN, citing "the inattention of drivers, failure to give priority, (…)

  • Deadly Week on Moroccan Roads: 17 Killed, Nearly 2,000 Injured in Traffic Accidents
    24 April 2019, by Said

    The Moroccan road continues to kill as shown once again by the figures just released by the General Directorate of National Security (DGSN).
    During the week from April 15 to 21, 17 people were killed and 1,933 others were injured, including 73 seriously, in 1,398 traffic accidents that occurred in urban areas, according to a statement.
    The DGSN blames the inattention of pedestrians and drivers, non-compliance with traffic lights and stop signs, lack of vehicle control, non-compliance (…)

  • Morocco Ordered to Pay $430 Million in Legal Judgments Against State in 2018
    9 January 2020, by Ginette

    In 2018, the judgments and court decisions pronounced against the State resulted in the payment of 4.1 billion DH. The amounts claimed were 7 billion DH before the intervention of the Judicial Agency of the Kingdom.
    These data come from the latest report of the Judicial Agency of the Kingdom. Its intervention allowed the State to save 3.14 billion DH, i.e. a reduction of 43% between the amounts claimed and those judged.
    The administrative courts alone account for 4 billion DH in (…)

  • Maroc Telecom Fined $360 Million for Unfair Competition Practices
    4 February 2020, by Sylvanus

    Maroc Telecom is ordered to pay a fine of 3.6 billion DH for "unfair competition". Adeslam Ahizoune has trivialized this case and minimized the sanctions.
    If Maroc Telecom was able to get away with it in 2016, with a simple warning, although its monopolistic practices were apparent, particularly in terms of infrastructure sharing, this time the verdict is final. 3.6 billion DH to pay as a fine. Enough to bleed the Emirati shareholders’ pockets.

  • Morocco Sanctions 167 Insurance Brokers for Regulatory Violations
    11 March 2022, by Said

    Some 167 insurance brokers operating in Morocco have been sanctioned for shortcomings, according to the Insurance and Social Welfare Control Authority (ACAPS).
    In its 2020 annual report published a few days ago, the ACAPS states that it has sanctioned 49 insurance agents and 18 insurance brokers. Warnings have also been given to 53 insurance agents and 19 insurance brokers, while 18 insurance agents and 8 insurance brokers have received a reprimand.
    Among the sanctioned insurance (…)

  • Morocco to Toughen Laws on Illicit Enrichment with Asset Seizure and Fines
    17 May 2019, by Amine

    The Penal Code will soon be amended to include harsher penalties against persons found guilty of illicit enrichment.
    This amendment will concern Article 8-255 of the Moroccan Penal Code and will take place, according to Le360, "as early as next week". This media indeed writes: "The Penal Code will be amended as early as next week, at the initiative of the Ministry of Justice, to include a provision whereby illicit enrichment is punishable by a fine ranging from 100,000 to one million (…)