In a significant legal development, the Commercial Court of Casablanca has ordered RCGR and businessman Samir Zenagui to jointly pay approximately 19.9 million Moroccan Dirhams to CFG Bank. This ruling, delivered on May 20, 2026, adds to the growing judicial complications surrounding the Ritz-Carlton projects in Morocco, creating a complex backdrop for stakeholders involved in these ventures.
CFG Bank initiated this legal action, marking yet another chapter in the ongoing disputes linked to Zenagui's business dealings. The court's decision underscores the challenges faced by RCGR, which has found itself increasingly entangled in legal controversies, particularly concerning its ability to meet financial obligations. The repercussions of this ruling could have far-reaching implications not only for RCGR but also for its future projects and partnerships in the region.
As reported by medias24.com.
