Moroccan Bank Director Arrested for Multimillion-Dirham Fraud Scheme in Tetouan

This manager took advantage of his position to divert funds from bank accounts of clients - companies, businessmen, civil servant associations, or individuals - of his agency. His accomplice, his cashier, and he would have diverted millions of dirhams. According to the first testimonies collected from the victims, Daniel Ziouzio, who is also one of the administrators of the struggling Moghreb de Tetouan football club since last year, took deposits ranging from a few thousand dirhams to accounts with hundreds of millions. On Thursday, several clients went to this bank branch located on Mohammed V Avenue with the aim of checking the status of their deposits with this bank. To their great surprise, some found that their savings had evaporated, while others found that part of their deposits had disappeared.

An old man who had a deposit of 1.1 million dirhams in this bank only found 1,100 dirhams left, reports the Alyaoum24 correspondent in Tetouan. Another man, who had saved 270,000 dirhams over the years, only found 2,000 dirhams. A woman whose deposit was 1 million dirhams only found 1,900 dirhams. Another woman saw her 450,000 dirhams deposit disappear completely, just like a woman whose 370,000 dirhams deposit completely disappeared. A merchant claims to have lost 3 million dirhams. A man was stunned to find that he had lost 120,000 dirhams, the savings of his entire life. His son lost 200,000 dirhams, while his wife lost 12,000 dirhams. According to some victims, the embezzlements began on their accounts since 2020.

After his arrest, Daniel Ziouzio was arrested and placed in custody. Today, this member of the Istiqlal Party, and defector from the Party of Justice and Development (PJD), joins the list of Tetouan politicians involved in scandals. As vice-president of the Tetouan commune, he has also cast an additional shadow on the future of the leadership of this commune.