ZL, former general manager of Al Omrane in the Oriental region, was detained at the local prison of Bourkaiz, in Moulay Yacoub province, along with the company’s financial director, an engineer and of two managers who benefited from the company’s public markets.
It is Al Akhbar which reports the information in its edition of Friday January 17, explaining that the former director and his accomplices were referred by the public prosecutor to the Court of Appeal of Fez for charges of embezzlement and dissipation of public funds, falsification administrative documents and use of forgery, exclusion of competitors by fraudulent means, abuse of power and taking of illicit interests. These same accusations were brought against the manager of a company, Abdelaziz M., while another defendant is being prosecuted for participation in the dissipation of public funds, falsification of administrative documents and use of forgery. For his part, the financial director of the real estate developer is accused of dissipation of public funds.
According to the details of the case which is echoed Al Akhbarinvestigations carried out by the regional brigade of the judicial police of Fez revealed suspicions of embezzlement. The newspaper mentions more than 412 million dirhams which would have been squandered, while the alleged misappropriations concern more than 198 million dirhams. The same source adds that an inspection mission carried out by the Al Omrane holding company had estimated the losses at more than 610 million dirhams from the account dedicated to public administration operations, whose wording is “MOD”.
Still according to the Arabic-speaking daily, the former director had concluded several agreements with administrations and local authorities for the realization of various infrastructure projects. These administrations had paid large sums of money to the company, but the former general director, in the exercise of his functions, allegedly spent part of the funds allocated to these projects in an improper manner.
More precisely, emphasizes Al Akhbarthe inspection mission report revealed that he had wasted public funds by engaging in unprofitable projects. He also allegedly transferred financial amounts to a football club in the form of advances on two housing projects intended for the team, although the works on these projects have not been completed. The same document also cites payments made for several contracts without any contractual basis, in particular with the municipality of Nador, as well as the acquisition of plots of land in collaboration with public institutions via delegated management by using and releasing allocated credits to infrastructure projects from the MOD account.
Another fraudulent operation: the conclusion of a partnership with one of the other defendants relating to the development of land, 40% of the profits of which would go to the latter. He would also have made the same person benefit from a “payment” from the same account outside of any legal framework.
