After five years, court acquits Ze'evi in fraud case

March 7, 2011 17:48

The Tel Aviv Magistrate’s Court acquitted Gad Ze’evi and three other executives from Malam of charges of fraud.

The trial against Ze’evi lasted five years and included dozens of court hearings. Ze’evi who was chairman of IT giant Malam Systems was indicted in 2006 of committing stock fraud in order to increase his monthly salary.

In her closing remarks, the judge criticized the prosecution lawyer for drawing out the trial unnecessarily.

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