Current and former Likud members and a senior official in the party’s institutions were detained for questioning on suspicion of financial crimes worth millions of shekels, including concealing rights to real estate assets and transferring assets to evade creditors. Police reported that Lahav 433 officers, together with the Official Receiver in charge of insolvency and economic rehabilitation proceedings, detained several businesspeople for questioning, including a contractor. According to the suspicion, the contractor, who has been in bankruptcy proceedings since 2012, acted to conceal his rights to various real estate assets worth tens of millions of shekels and even transferred assets under his control to evade creditors. In doing so, he violated his obligation to disclose and report on his assets during the proceedings. “The investigation findings show that the suspects acted in a sophisticated and systematic manner to hide their rights from the authorities and pocket enormous sums,” police said.
