Hello Zulu,
I am also involved in this development and have heard similiar. However I have no solid proof at the moment.I know that some agents have stopped selling the development. There is also speculation that some of the deposite is going directly into an account in the developers name. However no solid edvidence is available to clarify this either.
I am presently sourcing a solicitor who specialises in Morrocan property. Does any boby have any recomendations.