Morocco: tenants of social housing trapped

The internal control services of the banks concerned carry out surveys on scam operations linked to the “RAH” system (pledge) in social housing apartments.

Everything started with the observation that the volume of questionable receivables linked to real estate loans experienced a disturbing increase. The preliminary examination of the recovery files, transferred to the departments of management of legal and judicial litigation (litigation service), revealed a concentration of cases of fraud in areas located on the outskirts of Casablanca, explain sources to
Go out. The preliminary surveys carried out by the internal control services of the banks concerned are fruitful. They discovered that residents of apartments of the social housing type were victims of indebted owners. These have concluded “rahn” (pledge) contracts of current use and have received amounts of up to 100,000 dirhams, in addition to monthly rents around 1,000 dirhams.