Real Estate Executive Arrested in $5 Million Marrakech Property Fraud Scheme

The commercial director of the "Prestigia" company would be involved in a vast 50 million dirham scam targeting many buyers. After his arrest, he is being prosecuted in custody for forgery of official documents, use of forgeries, fraud and breach of trust, reports the newspaper Al3omk. The commercial director is accused of having handed over to "Prestigia" clients receipts related to down payments for the reservation of high-end villas or apartments, and land. In addition to the commercial director, a notary was incarcerated in the Oudayas prison. He too is being prosecuted in custody.

Once the preliminary investigations, conducted by the judicial police of Marrakech, are completed, the trial of the defendants will open on February 21.