A manager extradited from Portugal, a debtor murdered in Nazareth, and hundreds of millions of shekels that disappeared. Where is the money from the Gibui affair?

The extradition of Eyal Rozen, a former manager at Gibui Holdings, from Portugal to Israel, brings renewed attention to the massive collapse. Over 200 million shekels have yet to be located, and the trustees have recovered only about 90 million shekels from a credit portfolio of 300 million shekels. Some debtors have been murdered or have fled.

More than four years after the explosion of the Gibui Holdings affair, one of the largest collapses in the Israeli financial sector, over 200 million shekels of the company's funds remain unaccounted for. The extradition of Eyal Rozen, former manager of the northern branch, from Portugal to Israel, has brought the affair back into the headlines. Rozen has been charged with stealing 9 million shekels from the company's coffers, exploiting his position and disguising the acts as routine credit activity. The trustees have managed to collect about 90 million shekels from a credit portfolio of about 300 million shekels, but there is a serious concern that the remaining debt will not be recovered. One of the major debtors, Rami Mureh, who owes over 20 million shekels, was murdered in Nazareth. Sources involved in the affair note that some borrowers have been murdered, have fled, or are insolvent. A lawsuit for 360 million shekels filed against former controlling shareholders, underwriters, the CEO, and accountants is in mediation proceedings.

A manager extradited from Portugal, a debtor murdered in Nazareth, and hundreds of millions of shekels that disappeared. Where is the money from the Gibui affair?