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...