Israeli billionaire questioned on suspicion of securities fraud

Israeli billionaire questioned on suspicion of securities fraud

PanARMENIAN.Net - Israeli regulators say one of the country's wealthiest businessmen has been questioned on suspicion of securities fraud, according to The Associated Press.

IDB Holding Corp. notified the Tel Aviv Stock Exchange on Tuesday, Nov 27 that its chairman, Nochi Dankner, was questioned about the alleged offenses. Dankner said in a statement that his activities were lawful.

The Israeli Securities Authority said in a statement to a court that Dankner was questioned with two associates on suspicion of fraud, breach of trust and money laundering. He was banned from leaving the country.

The authority suspects Dankner and his associates sought to influence the share price of the troubled company by carrying out millions of dollars' worth of fraudulent transactions. IDB Holding, made up of some of Israel's largest companies, is struggling to pay its huge debts.

 Top stories
"As two neighbors, Iran and Russia have common viewpoints toward political, regional and global issues," Dehghan said.
At least 2,500 and possibly up to 5,000 suspects have traveled from Europe to conflicts in Syria and Iraq, Wainwright said.
Yet even as Aliyev cultivates the West, he is convinced that foreign-financed organizations, including RFE/RL, are out to get him.
Francis urged people to have greater empathy towards family and friends with problems, saying the world "needs tenderness" and warmth.
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.