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Morocco Uncovers Major Financial Fraud Network Involving Foreign 'Investors'
Morocco

Morocco Uncovers Major Financial Fraud Network Involving Foreign 'Investors'

Following reports containing precise information on the exploitation of alleged foreign "investors" by members of a network, control elements from the Exchange Office are investigating the activities of companies - registered in the name of foreigners in Morocco, the majority of whom hold French or Turkish nationality - involved in the illicit transfer of funds between Tangier, Casablanca and El Jadida, mainly specializing in import-export, textiles and clothing.

Morocco Blocks Extradition of Crypto Kidnapping Suspect to France
Morocco

Morocco Blocks Extradition of Crypto Kidnapping Suspect to France

While there is an extradition agreement between Morocco and France that came into effect in 2011, neither Rabat nor Paris accept the extradition of their nationals. The extradition of Franco-Moroccan Badiss Mohamed Bajjou, arrested in Tangier (Morocco) on June 3 and suspected of being the mastermind behind "cryptorapts" to France, is therefore impossible. It is still possible that he may serve a potential sentence in French prisons.