CEO fraud (pexels photo)
At the end of an undercover investigation conducted under the leadership of the police and in cooperation with the Economic Enforcement Section and the National Investigations Unit of the Insolvency Commissioner at the Ministry of Justice and the matter of money laundering, money laundering through the granting of work permits given to Palestinians under false pretenses.
Two suspects who are in the PASR process, fraudulently issued work permits from the Civil Administration, managed other companies that are members of their family and hid assets, including accounts with the Palestinian Authority and real estate.
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From the investigation materials collected so far, it appears that the main suspect, who is an Israeli contractor and owner of a construction company that went bankrupt, used to issue work permits for the purpose of construction on behalf of the company, when in practice those workers did not work for him at all. It also appears that the suspects reversed the granting of the permits in order to receive funds by having the Palestinian workers come to those suspects and pay money for the issuance of the permits to work in different places throughout the country.
At the same time, as part of the “crossing borders” affair – after an undercover investigation that began with the suspicion that factory workers of a company that is in the process of liquidation, operated a system of forgeries of hundreds of work permits that were allegedly given by the Civil Administration to hundreds of Palestinians living in the territories and at the same time fictitiously dissolved the companies managed by them for pension payments to their employees as well as avoiding debts to other creditors.
The owner of a nursery in the center of the country, who is in bankruptcy proceedings, was arrested on suspicion of defrauding creditors, money laundering, tax evasion and real estate fraud in the amount of millions of shekels. The affair began with two complaints from land buyers in the Iosh area who claimed that they bought land from the suspect for millions of shekels, while he was in the process Bankruptcy, they paid the suspect and did not receive any return. In addition, it emerged that the suspect continues to run businesses through his children, who served as straw men for him, with the aim of hiding his income from his creditors, the official collector, the court and the tax authorities.
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