ISRAEL’S RICHEST WOMAN QUESTIONED FOR HOURS IN SUSPECTED AFRICA BRIBERY CASE

The Times of Israel reported on 12th August that US-Israeli billionaire and philanthropist, Shari Arison denies wrongdoing amid suspicions of pay-offs to foreign government representatives.  She has been released but prohibited from leaving the country.  Investigators at the Lahav 433 national crime unit in Lod also questioned Efrat Peled who is CEO of Arison Investments.  The case is said to involve Shikun & Binui, one of Israel’s largest construction and infrastructure companies, which has many projects in Israel and around the world.  6 senior executives were arrested in February on suspicion of making the illicit payments to support construction projects in unnamed countries in Africa.  In addition the bribery concerns, Arison and Peeled are suspected of Securities Law offences relating to business reports.

https://www.timesofisrael.com/israels-richest-woman-questioned-for-hours-in-suspected-africa-bribery-case/?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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