Beit Yair named as company which helped launder money for Abergil crime syndicate

By
May 21, 2014 20:31




Beit Yair,  a publicly traded construction firm, is the company which police suspect laundered 60 million shekels for Yitzhak Abergils crime syndicate. The information was cleared for publication on Wednesday evening.

On Wednesday, the company's stock took a serious hit, but in a statement they vowed to carry on and continue to service their thousands of customers.

Two of the company's executives, whose names  still cannot be published, were among five suspects arrested in the case along with Abergil.

A detective working the case said Tuesday, "It is a shocking case of organized crime and big business working together."

Related Content
Breaking news
August 22, 2017
US admiral says remains found inside damaged destroyer

By REUTERS

Israel Weather
  • 22 - 34
    Beer Sheva
    24 - 30
    Tel Aviv - Yafo
  • 20 - 28
    Jerusalem
    23 - 29
    Haifa
  • 28 - 39
    Elat
    24 - 37
    Tiberias