Former Likud Officials Detained for Questioning on Suspicion of Economic Offenses Worth Millions of Shekels
Police from Lahav 433 detained several businesspeople this morning for questioning, including a contractor undergoing bankruptcy proceedings, on suspicion of concealing rights in real estate assets and smuggling assets worth tens of millions of shekels. Among those detained are current and former senior Likud members. Police stated that the suspects acted in a sophisticated and systematic manner to conceal assets, and much property was seized for confiscation.
Officers from the National Unit for Economic Crime Investigation (YALAK) in Lahav 433, together with the Official Receiver for Insolvency and Economic Rehabilitation, detained several businesspeople this morning (Monday) for questioning, including a contractor undergoing bankruptcy proceedings, on suspicion of concealing rights in real estate assets and smuggling assets. Among those detained are current and former senior members of the Likud party. According to police, the suspect contractor, who has been in bankruptcy proceedings since 2012, allegedly acted to conceal his rights in various real estate assets worth tens of millions of shekels, and even smuggled assets under his control while in bankruptcy. In doing so, he violated his duty to disclose and report his assets in the proceedings. It was further reported that investigation findings indicate the suspects acted in a sophisticated and systematic manner to conceal their rights from authorities and pocket huge sums. With the transition to an open investigation and the detention of the suspects, much property was seized with the aim of confiscating it later in the legal process.