Last remaining seats to the Jpost 2017 Annual Conference! Get your special offer now

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."

Share this article via
from around the web
Related Content
Breaking news
April 27, 2017
Venezuela to withdraw from OAS

By REUTERS

Top Stories
Israel Weather
  • 15 - 26
    Beer Sheva
    16 - 22
    Tel Aviv - Yafo
  • 12 - 26
    Jerusalem
    15 - 25
    Haifa
  • 19 - 31
    Elat
    20 - 34
    Tiberias