Real Estate Deal Raises Questions of Misconduct

Recently, media outlets have circulated information regarding a real estate transaction involving the company "Al Omrane - Agadir," amid allegations concerning speculation, conflicts of interest, and violations of protocols governing the transfer of public property. The reports focused on a residential land plot of 92 square meters, which was sold for 466,000 dirhams, only to be resold the same day to another buyer for approximately 720,000 dirhams, through the same notary, leading to a profit of around 270,000 dirhams.

Clarifications from Al Omrane Group

In response to these allegations, responsible sources within the "Al Omrane" group provided definitive clarifications to reorder the events according to their actual chronological sequence. They explained that the transaction is not related to a purchase and resale that occurred on the same day as suggested, but rather a file dating back to 2012, when the beneficiary reserved the land and made an initial payment to the public institution. This transaction remained administratively and financially pending for several years following the reservation, in accordance with the marketing procedures in place.

In late 2023, "Al Omrane" launched a nationwide campaign aimed at collecting debts and resolving outstanding files at its regional branches. As part of this initiative, the concerned individual was invited to settle her final status by paying the remaining amount and completing the administrative procedures for the transfer of ownership. The institution emphasized that framing the situation as a "purchase and sale on the same day" obscures the true contractual history of the entire transaction. The contractual and legal relationship between the parties began in 2012, while 2023 only saw the payment of the remaining balance and the completion of the legal formalities stemming from the original agreement.

Simultaneously, a central inspection committee was dispatched by the general management of the group to examine all aspects surrounding the transaction to verify its integrity. The inspection results confirmed that the procedures followed were in compliance with the applicable legal and regulatory standards, affirming that the file is entirely included within the liquidation process of an acquisition that commenced over a decade ago.

As reported by ar.le360.ma.