Moroccan Bank Director Jailed for $1 Million Client Fund Embezzlement

Initially, several complaints had been filed by the bank’s clients, following irregularities noted in their bank accounts. Significant sums had disappeared without justification.

An internal investigation had been opened, before the case was handed over to the specialized judicial police services. According to Barlamane, 10 million dirhams had disappeared from the clients’ bank accounts.

With 25 years of seniority, the branch manager admitted during the interrogation that he had embezzled the clients’ money and had spent it with his girlfriend and in nightclubs.