Union Bank Trials: “Brahim Hadjas threatens to expose several bigwigs”

The three trials for misappropriation of public funds and swindling practices against notably the former head of the now dissolved business bank “Union Bank”, Brahim Hadjas, have been adjourned until February 9th 2014 on account of the absence of the plaintiffs.

One of the plaintiffs seeking damages, namely the BADR Bank which was at the origin of the complaint and the triggering of the judicial procedure was absent during the session.

 Despite the postponement of the trials in connection with the Union Bank financial scandal, defense lawyer Guendouzi asked for the end of the legal proceedings against his client Brahim Hadjas arguing that the latter was already sentenced during a previous trial to 5 years in prison adding that this period had now lapsed.

 Moreover, the former general manager of the private bank “Union Bank” was sentenced in absentia in 2007 in three different trials to 16 years in prison: 10 years for the embezzlement of public funds at the expense of the BADR Bank, 3 years for swindling practices and 3 other years in prison for breach of trust.

 According to his lawyer, defendant Brahim Hadjas has threatened to unravel all the intricacies of this financial scandal by exposing several “bigwigs” of the Nomenklatura if he is heavily indicted and convicted in the next trials