Moroccan Bank Director and Businessman Arrested in Multimillion-Dirham Embezzlement Scheme

It all started with a finding made by the bank branch’s clients. They suspected movements on their accounts and complained about it. An inspection commission from the central management in Casablanca went to Salé to scrutinize the accounts of the bank branch in question, reports Al Akhbar. The suspicions were well-founded. The financial inspectors discovered that millions of dirhams had been embezzled.

What happened next? The commission submitted its report to the public prosecutor’s office, which opened an investigation. This is how the police services specialized in financial crimes in Rabat arrested the bank branch director and a businessman. In less than three years in office, the manager would have illegally transferred a large sum of money debited from clients’ accounts to her accomplice’s account, the same source specifies.

On Friday, the two suspects were brought before the public prosecutor’s office near the Court of Appeal of Rabat, then placed in pre-trial detention at the El Arjat prison.