This is one of the major conclusions heard in court this October 15 in the long record of liquidation of the first refinery in Morocco. The prosecution demands the extension of the liquidation of the Samir to the patrimony of the members of the board of directors, who represent 73% of the shareholding.
The Moroccan refinery ceased operation since 2015 is majority owned by Corral Holding Saudi Mohammed Hussein Al Amoudi. After 11 months of hearing, the verdict should fall. The prosecutor’s harsh indictment of “fictitious dividend distributions” and “irregular accounting” speaks volumes about the complexity of the case, which mortgages the future of 2,000 employees.
The general director of Samir, Jamal Baamer, is particularly concerned by this indictment. His defense which limits his responsibility to that of a simple employee risks to crack the board of directors of which he is an eminent member alongside notably the billionaire Mohammed Hussein Al Amoudi, president of the board of directors and, among others of Mohamed Hassan Bensalah , boss of Holmarcom, resigning director eet Mustaha Amhal.
