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Investigation into alleged embezzlement of 13 billion dirhams in red meat subsidies
The National Judicial Police Brigade (BNPJ) has launched an investigation into suspicions of embezzlement involving public subsidies allocated to livestock importers. Despite the allocation of 13 billion dirhams intended to stabilize red meat prices, costs have continued to rise, raising concerns about potential financial misconduct involving parliamentarians and political officials.
According to Al Akhbar, investigators are scrutinizing the beneficiaries of these subsidies as well as the importation processes. Ryad Mezzour, the Minister of Industry and Commerce, disclosed that 18 market speculators have exploited these subsidies to boost their profits. As a result, profit margins have surged to 40 dirhams per kilogram.
This scandal is not an isolated incident; last year, subsidies were granted for the importation of sheep for the Aïd Al-Adha festival, yet speculators had artificially inflated prices. The government now faces a significant challenge in combating these fraudulent practices and restoring market confidence.
