Morocco•
Moroccan Real Estate Tycoon Sentenced to 15 Years in $40 Million Fraud Case
The Bab Darna case , one of the biggest real estate scandals in Morocco, reached its conclusion on Thursday with the sentencing of Mohamed El Ouardi, CEO of the real estate group, to 15 years in prison by the criminal chamber of the first instance court in charge of financial crimes at the Casablanca Court of Appeal. Moroccans residing abroad (MREs) were particularly affected by this case which affected more than 1,000 victims.