Moroccan Bank Director’s Embezzlement Trial Delayed as Losses Assessed

During Monday’s hearing, the Financial Crimes Chamber at the Rabat Court of Appeal decided to postpone the case of Daniel Ziouziou, a bank director in Tetouan accused of embezzling client funds, to June 23. The civil party, represented by the defense of the Moroccan Union of Banks, the party harmed by the embezzlement, requested time to assess the losses incurred by the bank. This sparked controversy among the defense lawyers. One of them had requested the opening of the trial after five hearings had already been held. The accused appeared with another person in pre-trial detention.

Daniel Ziouziou was arrested and placed in police custody in May 2024. Since then, he has been incarcerated in the local prison of Temara. The regional director of the Moroccan Union of Banks (UMB) for Tangier-Tetouan-Al Hoceima and sixth vice-president of the communal council is being prosecuted for "forming a network of public funds embezzlement, breach of automated electronic data processing systems, and falsification of banking documents for the purpose of embezzlement."

According to sources, other people are involved in this case. The National Brigade continues to interrogate other suspects, we learn.