Post by Sapphire Capital on Jul 12, 2008 23:08:20 GMT 4
June 17, 2008
The CEO of Bank Leumi in Britain, Mickey Friedmann, was arrested along with 13 other businessmen on allegations of a massive fraud, Israel Radio reported Tuesday.
Friedmann, who served previously as the CEO of Bank Leumi's central branch in Tel Aviv, allegedly gave loans based on false statements, without guarantees and against the bank's regulations.
The fraud is estimated at NIS 25 million. An investigation is taking place in the Tel Aviv District Fraud Unit
The CEO of Bank Leumi in Britain, Mickey Friedmann, was arrested along with 13 other businessmen on allegations of a massive fraud, Israel Radio reported Tuesday.
Friedmann, who served previously as the CEO of Bank Leumi's central branch in Tel Aviv, allegedly gave loans based on false statements, without guarantees and against the bank's regulations.
The fraud is estimated at NIS 25 million. An investigation is taking place in the Tel Aviv District Fraud Unit