It appears: indictment for tax offenses and money laundering of more than NIS 10 billion

A draft indictment in the 'Privatization' case attributes to the suspects tax offenses and money laundering totaling more than NIS 10 billion. The main suspects controlled exchange bureaus without a license, concealing their control through straw men.

A draft indictment presented in a hearing to the suspects in the 'Privatization' case attributes to them tax offenses and money laundering totaling more than NIS 10 billion. If an indictment of this magnitude is filed, it would be the highest amount of tax and money laundering offenses attributed to defendants in a single indictment. The case was investigated by the Lahav 433 unit and the Tax Authority, accompanied by the Central District Attorney's Office, against a network of financial service providers (exchange bureaus) and criminal elements. According to the draft charges, the main suspects, Ramadan Abu Jaber and Marwan Abu Zaid, effectively controlled three exchange bureaus without the required permits, hiding their involvement through straw men. Ramadan is attributed with money laundering of over NIS 3.23 billion, Marwan with approximately NIS 6.78 billion, and other prominent suspects with amounts ranging from NIS 2.6 billion to tens of millions. The article emphasizes that the suspects are presumed innocent.