The Israel Police and the Tax Authority are conducting an investigation against five suspects in investment house fraud and tax offenses amounting to millions of shekels. This morning (Monday), police from the Hof District Fraud Division, with the assistance of police from the Hof and Central Districts as well as Border Police fighters, arrested five suspects on suspicion of spending anything fraudulently, money laundering, omission of income under the Income Tax Ordinance and forgeries. Computers and other equipment.
According to the suspicion, the suspects managed to forge tax exemption certificates from the tax authority, and thus managed to spend millions of shekels for their clients from pension funds and study funds from investment houses without paying taxes. The investigation reveals that the main suspects stole some of the funds’ money, pocketed it and transferred the money to other accounts in order to obscure their tracks.
The investigation of the affair, which reached its overt stage today (Monday), was conducted covertly in the past year by investigators from the Hof District Fraud Division together with the Haifa and North Tax Authority’s Assessing Officer, and dozens of testimonies were collected from customers for whom redemptions Used by the suspects were forged.
The Tax Authority and the police stated that “later in the day and in accordance with the needs of the investigation, some of the detainees will be brought to the Magistrate’s Court in Acre for a hearing to extend their detention. The investigation continues.”