Jordanian Investor Alleges Fraud in Major Moroccan Textile Factory Sale

The lawyer of the Jordanian investor has provided other elements to the file: deliberate participation in the falsification and bad faith of an official document, use of a forged official document, as well as misappropriation and dissipation of funds belonging to others in bad faith. The judicial police heard the plaintiff as part of the investigation ordered by the Attorney General of the King near the Court of Appeal of El Jadida, in order to clarify the circumstances and the ins and outs of the case, reports Al3omk.

In 2013, the Jordanian investor residing in El Jadida had decided to sell the largest textile factory in the city, which was in debt. He agrees to sell the factory to two investors, one Jordanian and the other Turkish. They then go to a notary’s office to conclude the sale. Together, they agree to settle the accumulated and outstanding debts of the factory before finalizing the sale, as well as to settle the rights of the workers and all the employees. But this clause was not mentioned in the contract.

In his complaint, the Jordanian investor accuses the notary of "complicity in the falsification of the contracts related to the sale of the factory". He states that the contracts on the basis of which the ownership of the factory was transferred were based on minutes of the general meeting of the company, the authenticity of which is suspected. The investor claims that these documents are forged, as they do not include any mention of the existence of heavy debts, while this issue was discussed during the general meeting.

Due to the debts, the initial owner of the factory is in the sights of several Moroccan administrations and institutions, including financing and leasing companies, as well as the state administration in charge of public procurement, in addition to customers and employees.