Following a sanction imposed on it by the Moroccan Capital Market Authority, a Moroccan management company has just filed a complaint with the administrative court. It is thus dragging the AMMC to court for abuse of power.
After being the subject of several complaints, Global Nexus SA has been doubly sanctioned. In addition to the withdrawal of its accreditation, this company that manages the Green Inno Invest investment fund was fined 1 million DH.
The company Sefania and the H&A Holding have withdrawn their complaints against Hynd Bouhia , following an amicable settlement between the parties. The plaintiffs received certified checks from the accused as well as a repayment schedule.
After her arrest on Saturday, June 20, Hynd Bouhia, the former CEO of the Casablanca Stock Exchange, currently in custody for "breach of trust, abuse of corporate assets and fraud" in the Green Innov Invest (GNII) fund case, will be brought before the prosecutor on Monday, June 22, 2020.