Moroccan Bank Executive Jailed for Gambling with Client Funds

The verdict was handed down on Monday evening. The bank executive was sentenced to two years in prison. He was also ordered to repay about 910,000 dirhams to the plaintiff bank, whose capital belongs to the State, in addition to 100,000 dirhams in damages and 20,000 dirhams to be paid to the Treasury, reports Assabah.

A complaint had been filed against the bank executive. He was suspected of having manipulated the internal computer system of the agency in order to change the data of the bank accounts of many clients. An internal investigation conducted in this bank agency located in Rabat revealed that he had even shut down the system several times in order to lose most of its content. Questioned, the accused confessed. He admitted to having improperly withdrawn 600,000 dirhams instead of 900,000 dirhams from the bank’s clients’ accounts. This case cost him his job and prison.