VOL. XLV
No 24
17-June-2002
MOROCCO
Moroccos Social Security Fund Lost$11Bn Over 30 Years
MoroccosSocial Security Fund has lost more than $11bn over the past 30 years, accordingto the findings of a Chamber of Advisers investigative committee presented toparliament on 6 June. The chairman of the committee, Rahual-Hila', told Asharq al-Awsatthat $4.5bn had beenspent illegally, while the loss of compounded interest over a 30-year periodtotaled $6.7bn. He said that some of the money lost had been...
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