Former Moroccan Bank Director Arrested for $200,000 Embezzlement Scheme

According to the daily Assabah, the accused "embezzled two million dirhams, by accessing customers’ accounts to carry out transfer, transfer and check cashing operations without their knowledge. In addition, he issued rubber checks and resorted to forgery and use of forgery."

Still according to the newspaper, the now former director must also answer a charge of "breach of trust" because he exploited "customers’ deposits, including large companies, by transferring their money to other accounts, delaying the cashing of checks and making transfers to his own account".

The same source adds that the scam was discovered thanks to a customer who noticed serious irregularities in his account. Subsequently, an investigation by the bank’s management revealed the many irregularities to the detriment of the accused.

Arrested in the 2 Mars district of Casablanca, the suspect used a false identity. However, once at the police station, "the fingerprinting revealed that he was already wanted by the judicial police of Mohammedia and Casablanca, for issuing checks without provision," the same source indicates.