Following the suspicions of "embezzlement and waste" weighing on the managers of the Taghazout Bay project, the Moroccan Association for the Protection of Public Property (AMPBP) filed a complaint with the Attorney General of the Court of Appeal of Marrakech.
Moroccan and Romanian nationals have helped to pull the Spanish real estate sector out of the state of lethargy that had marked it, since the announcement of Brexit precipitating the departure of the British.
After the recent statement by the Head of Government, Saâdeddine El Othmani, on the Bab Darna case where he declined the responsibility of his government , the Minister of Housing, in Parliament, persists and signs.
The former Director General of the Caisse de Dépôt et de Gestion (CDG), Anas Houir Alami, and that of the Compagnie Générale Immobilière (CGI), Mohamed Ali Ghannam, were sentenced by the Chamber of Financial Crimes of the Court of Appeal to one year in prison and a 5,000 DH fine each. This is the sentence they were given for their involvement in the Madinat Badis d’Al Hoceïma real estate complex case.
Bab Darna is not done with its troubles, following the extent of the damage from the scam that has victimized both individuals and companies. This time, it is SMAP Immo that has filed a complaint against the company for "fraud and damage suffered".
With the aim of helping families living in anarchic or non-regulatory housing to comply with the law, by living in well-built constructions, the legislator has provided an "amnesty" in favor of these dwellings, which came into effect on January 12. This is Decree 218 475, relating to the definition of the procedures and modalities for issuing renovation, demolition and regularization permits.
Despite being sidelined, Civil Protection continues to sit on the instruction committee that oversees the process of granting building permits. This, in reality, constitutes a non-compliance with the decision of the general construction regulations.
Tenants (legal entities under public or private law and natural persons) must now demand a mandatory declaration of option from landlords who will choose to pay the Income Tax (IT).
The Moroccan real estate group, Addoha, is pursuing its conquest of Africa by launching real estate projects in Ghana.
The law on the sale of property under construction (VEFA) continues to cause waves. And for good reason.
Misled by his uncle, a Moroccan residing abroad, was the victim of a major scam orchestrated by the latter and the Sheikh of a mausoleum, in the region of Berkane .
Moroccans residing abroad have called for a boycott of SMAP IMMO and all real estate fairs abroad, in response to the Bab Darna scandal, which has caused unprecedented damage.