Casablanca Doctor Sentenced to 10 Years for Real Estate Fraud Scheme
2 January 2020
A doctor, manager of a private clinic in Casablanca, was sentenced to 10 years in prison, for having falsified real estate documents.
Real estate
Key Figure in Morocco’s Bab Darna Real Estate Scandal Arrested in Ivory Coast
2 January 2020
While he has managed to slip away since the outbreak of the "Bab Darna" affair, one of the biggest real estate scandals in history, Othmane El Boufkaoui, the No. 2 of the (…)
Financial Director of Bab Darna Group Jailed in Major Moroccan Real Estate Fraud Case
12 December 2019
The Bab Darna case has not finished revealing all its secrets. Amina Achkoun, the group’s financial director, was before the public prosecutor near the Aïn Sebaâ correctional (…)
Authorities Thwart Real Estate Scam in Moroccan Coastal Town of Harhoura
12 December 2019
Thanks to the vigilance of the authorities of the prefecture of Skhirat-Témara, an attempted fraud similar to the real estate spoliation orchestrated by "Bab Darna immobilier" (…)
Moroccan Tax Authority Denies Agreement with Real Estate Developers on Flat-Rate Tax
9 December 2019
Contrary to the information relayed by L’Economiste, and cited by Bladi.net, the Directorate General of Taxes (DGI) has not signed any agreement with the Federation of Real (…)
Real Estate Scandal in Morocco Widens: More Executives Arrested in ’Bab Darna’ Case
8 December 2019
The investigation opened in the "Bab Darna" case has allowed the police to make new arrests. New developments are to be expected in this real estate scandal that has not yet (…)
Morocco Offers Tax Amnesty to Real Estate Developers in New Agreement
7 December 2019
The Directorate General of Taxes (DGI) and the Federation of Real Estate Developers have just signed an agreement. This will allow real estate developers to regularize their (…)
Turkish Furniture Brands Expand in Morocco, Challenging Local Market
7 December 2019
While many Turkish companies have been able to establish their hegemony in Casablanca, Rabat, Tangier and Marrakech, some Moroccan brands are betting on exports to cope with (…)
Cocaine Cartels Exploit Moroccan Agriculture for Money Laundering Scheme
5 December 2019
Drug money laundering networks are full of ingenuity. Their latest find: recruiting Moroccan brokers whose main mission is to reinvest illicit money in agriculture, livestock (…)
Marrakech Tops Morocco’s Real Estate Prices, Ranks 5th Most Expensive in Africa
5 December 2019
Real estate in Marrakech is by far the most expensive in Morocco, according to a report just published by the African Asian Bank.