By Omar Bihmidine
By Omar Bihmidine
Morocco World News
Sidi Ifni, Morocco, March 15, 2012
Khalid Alouia, former head of Credit Immobilier and Hotelier known by its French acronym as CIH (Real Estate and Hotels Loans), has recently been taken to court on the grounds of several corruption matters. In 2007, Judges of the Supreme Court of Accounts issued a report incriminating Alouia of a number of violations with regard to mismanagement of capital, corrupt use of the benefits of the loans he was in charge of, and unfair exploitation and monopoly of several governmental units,. As a consequence of these practices, the loan market was negatively affected, as it did not encourage competition and that many billions have been squandered.
According to some news reports, the case of this senior official will be exposed to the king’s solicitor general at the court of appeals in Rabat as soon as his trial ends. The ball will be in the solicitor general’s court, who will in turn decide whether Alouia will be sentenced or not, depending on how grave the alleged violations are. Now, the man is under arrest and is prevented from leaving the country. Khalid Alouia is the third high ranking executive to be prosecuted after Abdelhanine Ben Alou, former director of National Office of Airports and Mohamad El Ferraa, former director of the National Union of civil servants.
During Alouia’s presidency, it has been found that there were many unjustified investments in hotel units, let alone the large illegal amounts of money reserved to reconstructing some hotels. Alouia and his family have also been discovered to have been granted many illicit services and benefits, and so have many other senior officials at the same institution.
Alouia was on the defensive when he was inquired about his two apartments, as he claimed that he bought them with his own money. The first apartment is 112 square meters and the second one, 282. Alouia responded to all the accusations leveled at him by saying that he legally gained his properties during his presidency. Therefore, he added that he didn’t violate any laws despite the fact that the board denied his sale. During the trial, he rejected all the alleged violations the inspectors have accused him of. All proofs, judges, and inspectors are now against this senior official, and only time ahead of us will tell about the man’s destiny.
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