The veteran agent and the fictitious credits: suspicion of embezzlement at Neto Malinda

Neto Malinda, Israel's fifth-largest food company, has filed two lawsuits against a veteran sales agent suspected of embezzling hundreds of thousands of shekels through fictitious credits and diverting goods. The agent admitted to the acts, claiming he did so for charitable purposes. The company demands the return of approximately 330,000 shekels and the denial of severance pay.

Neto Malinda, Israel's fifth-largest food company, recently filed two lawsuits in the Labor Court and the Jerusalem Magistrate's Court, alleging embezzlement by a veteran sales agent it employed for 13 years. According to the suspicion, the agent, referred to as K., created a system of duplicate customers, issued fictitious credits, and diverted large quantities of meat products to other parties, pocketing hundreds of thousands of shekels. The company fired the agent and demands he return approximately 330,000 shekels, as well as forfeit his severance pay. During a hearing conducted by the company, the agent admitted to the acts but claimed he did so for charitable purposes. Among other things, a sophisticated mechanism was revealed in which he opened a fictitious branch in the name of a hotel in Jerusalem, located in Bnei Brak at the address of a synagogue, and channeled goods there that were offset by fictitious credits. The article describes a mechanism that allowed the agent to operate for a long time without detection, until an internal check preceding the end of his employment.