Israel’s Supreme Court sentences tycoon to 3 years in prison
30 Aug 2018

AP — Israel’s Supreme Court has sentenced one of the country’s most prominent businessmen to three years in prison for securities fraud.

The court ruled Wednesday that former IDB Holding Corp. controlling shareholder Nochi Dankner will begin serving his prison term on Oct. 2 for his role in carrying out millions of dollars’ worth of fraudulent transactions in an attempt to influence the share price of the troubled company.

IDB took on millions of dollars in debt following a series of bad business deals. The courts wrested control of IDB from Dankner as a result.

Link to AP.

You can claim CPD minutes for reading this article, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Israel’s Supreme Court sentences tycoon to 3 years in prison”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.