Morocco: a banker convicted for stealing his clients’ money

The case had come to light in December 2022, when a bank agency in Tetouan, belonging to a major bank in Rabat, had seized the court after discovering the significant financial embezzlement carried out by an employee in charge of the cash desk between 2021 and 2022.

Heard by the Attorney General at the Court of Appeal, the accused, originally from Fez and 28 years old, was referred to the judge of the financial crimes chamber in charge of the investigation, who ordered his placement in detention at the El Arjat prison for misappropriation of public and private funds and falsification of official documents, reports the daily Al Akhbar.

At the end of the investigation conducted by the Rabat police prefecture, the court had sentenced the defendant to five years in prison and a fine of 100,000 dirhams, as well as to pay 3 million dirhams in damages to the parent bank, to return the embezzled amounts totaling more than 6 million dirhams, and to pay a sum of 111,537 dirhams to the customs administration.