Laalaj Company withdraws from Orash in Casablanca

New data revealed that financial problems caused the “Young Builders” company, Les Jeunes Maçons, which specializes in construction and major works, and is owned by businessman Chakib Laalaj, president and general manager of the “Cap Holding” group, to withdraw from a group of projects and stopped its workshops in more than one year. An area in Casablanca, especially those linked to contracts with the General Real Estate Company CGI, through projects in the Green City on the outskirts of the economic capital.

Hespress learned, from informed sources, that the cessation of work threatens the company in five projects in the financial center of Casablanca, the subject of contracts with major real estate companies and developers, explaining that the current owner of Jeunes Maçons Les, who holds the position of President of the General Confederation of Moroccan Enterprises (Al-Batrouna), has formed an issue. Accusations made by construction workers who recently protested in workshops in Casablanca, and demanded payment of their wages and entitlements for the work they completed during the last period, while the company’s management did not issue any statement or statement regarding these protests.

The same sources added, in statements to Hespress, that the construction company, which is experiencing a stifling financial crisis and debts worth more than 230 million dirhams, or 23 billion centimes, to loan and leasing financing companies (Leasing), has withdrawn from a huge project in the environmental city of Zenata (Zenata Eco). City), where those responsible for the “les arenes de zenata” project took matters into their own hands after the aforementioned company was unable to complete the implementation of the works, and they continued the work on its behalf until its end, after reaching an amicable solution with it.

In light of the inability to contact Chakib Laalj, the owner of Les Jeunes Maçons, as his phone continued to ring without an answer, Moaz Mousuli, the former partner of the businessman, stated in a statement exclusively to Hespress, that he gave up his 40 percent stake in the aforementioned construction company during October of Last year, since he was no longer a director or shareholder in the company, and therefore he does not bear any responsibility regarding the financial developments that the company is experiencing, he explained that the financial problems began to appear before he submitted his resignation from management and sold his share to his partner, Lalaj, on the basis of another investor replacing him. In order to address the existing financing difficulties.

Mousuli added that he is not aware of the current financial details of the company since he left it at the end of last year, stressing that the current management of the company is authorized to delve into the current financial developments, noting that Les Jeunes Maçons has been involved in an important number of projects over the past two years, and has been linked to contracts. With major real estate companies and developers, especially in Casablanca.

It is noteworthy that the construction company Les Jeunes Maçons faces a heavy debt estimated at 230 million dirhams towards suppliers, in addition to reservations amounting to 5 million dirhams for the benefit of the National Social Security Fund, and one million dirhams for the benefit of the “Morocco Leasing Bank”, as well as miscellaneous debts amounting to 4 million dirhams for the benefit of suppliers. others; Not to mention the unpaid installments of loans granted by the companies “Ekdom”, “Sofak”, “Moroccan Rental”, “Vivalis”, as well as “Wafa Bay” and other institutions.