The investigation opened in the "Bab Darna" case has allowed the police to make new arrests. New developments are to be expected in this real estate scandal that has not yet revealed its full extent.
The Directorate General of Taxes (DGI) and the Federation of Real Estate Developers have just signed an agreement. This will allow real estate developers to regularize their tax situation through a spontaneous liberating settlement of an amount varying according to the turnover excluding taxes.
While many Turkish companies have been able to establish their hegemony in Casablanca, Rabat, Tangier and Marrakech, some Moroccan brands are betting on exports to cope with local competition. A choice that is not visibly easy.
Drug money laundering networks are full of ingenuity. Their latest find: recruiting Moroccan brokers whose main mission is to reinvest illicit money in agriculture, livestock and the trade of agricultural products.
Real estate in Marrakech is by far the most expensive in Morocco, according to a report just published by the African Asian Bank.
The Bab Darna group is at the heart of a major real estate scam. There are already 855 victims nationwide for an amount of more than 400 million dirhams.
A notary was sentenced by the Casablanca Court of Appeal to three years in prison, for breach of trust and fraud. In addition to this case, she is also being prosecuted in another case related to the spoliation of a real estate property. In total, this notary is ordered to pay 1,500,000 dirhams in damages to her victims.
4th successive year of difficulty for the real estate sector in Morocco. The market is struggling to emerge from the crisis over the past four years despite the diversity of offerings and the multiplicity of construction sites in the Kingdom.
The "Bab Darna" affair, a real real estate fraud scandal that led to the arrest on November 21 of Mohamed El Ouardi, president of the incriminated company, continues to make headlines. Among the victims, hundreds of MREs who have invested large sums of money.
After being held in pre-trial detention, the president of the real estate company Bab Darna will be transferred to the Oukacha prison. Mohamed Wardi is accused of having defrauded 800 real estate buyers.
The decision of the Public Prosecutor at the Correctional Court of Aïn Sebaâ was unappealable. Given the criminal acts attributed to the Chairman and Chief Executive Officer of the real estate group "Bab Darna", the magistrate took care to transfer the case to an investigating judge to deepen the investigation.
The Carrousel, this is the name of the multi-purpose complex that the Emirati group IMKAN in Abu Dhabi intends to build on the Rabat corniche facing the Atlantic Ocean.