Former Moroccan Bank Employee Sentenced for $300,000 Embezzlement Scheme
The criminal chamber near the Court of Appeal in charge of financial cases in Marrakech has sentenced a former Al Barid Bank employee to three years in prison. He embezzled more than three million dirhams.
The funds were diverted from the bank to the accused’s account, who in addition to the three years of actual imprisonment, was also sentenced to pay a fine of 30,000 dirhams and to repay Al Barid Bank the embezzled amount of 3,082,076 DH, reports Aujourd’hui le Maroc.
It was the bank that filed a complaint against its employee after discovering the embezzlement. Arrested, he was prosecuted, in custody for "embezzlement of public funds, falsification of bank documents and use of forgeries."
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