Moroccan Banks Reach €175 Million Settlement in Investigation Into Illegal Activities
7 Articles
7 Articles
The criminal court in Brussels has validated the criminal transaction. A Moroccan bank, the Banque Centrale Populaire, as well as a subsidiary and three...
Two Moroccan banks have reached an out-of-court settlement with the federal prosecutor's office, which was conducting an investigation into a series of illegal activities in our country. Banque Centrale Populaire and Banque Chaabi Du Maroc are paying a total of more than 175 million euros.
The Moroccan entity Banque Centrale Populaire, its French subsidiary Banque Chaabi du Maroc and three of its bank directors have reached an agreement with the Federal Prosecutor's Office of Belgium, for which they will pay a total of €175,215,571 to end judicial proceedings for financial and banking offences committed for almost 20 years. The defendants had been tried before the Criminal Court of Brussels for illegal activities carried out betwe…
Belgian Settlement Closes Long-Running Case Involving Banque Populaire - L'intelligencer Morocco
A major legal case involving cross-border banking activities between Morocco and Belgium has reached its conclusion following a financial settlement between Banque Centrale Populaire (BCP), its French subsidiary Banque Chaabi du Maroc, several executives, and the Belgian Federal Prosecutor’s Office. The agreement provides for a payment exceeding €175 million, bringing an end to criminal proceedings without a full trial. Under Belgian law, crimin…
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