Mohamed Ouardi

Articles

• Moroccan Real Estate Scam Victims Protest After Court Hearing Postponed Again
  3 April, by Said

  The Bab Darna case, considered the largest real estate scam in Morocco, has seen a new development with the protest of victims in front of the Court of Appeal of Casablanca.
  This movement follows the thirtieth postponement of the appeal hearing, initially scheduled to examine the merits of the case, reports the daily Al Akhbar.
  Received by the Attorney General of the King, the victims were told that this delay was necessary because "the justice system was still gathering all the (…)

• Morocco Tightens Real Estate Laws After Massive Bab Darna Scandal
  5 January 2020, by Bladi.net

  Faced with the many damages caused by the Bab Darna affair, which has proven to be the biggest real estate scandal Morocco has ever known, the government is trying to secure transactions.
  In Morocco, there is no doubt that the Bab Darna affair has exposed the shortcomings of the legal arsenal in real estate matters. Indeed, faced with the painful consequences generated by this affair, which saw the arrest of the CEO Mohammed El Ouardi, the main accused, as well as several of his (…)

• Moroccan Real Estate Tycoon Sentenced to 15 Years in $40 Million Fraud Case
  13 January 2023, by Ginette

  The Bab Darna case, one of the biggest real estate scandals in Morocco, reached its conclusion on Thursday with the sentencing of Mohamed El Ouardi, CEO of the real estate group, to 15 years in prison by the criminal chamber of the first instance court in charge of financial crimes at the Casablanca Court of Appeal. Moroccans residing abroad (MREs) were particularly affected by this case which affected more than 1,000 victims.
  El Ouardi was found guilty of participating in the (…)