Businessman Eli Reifman's woes continued on Thursday when he was charged with the fraudulent receipt of goods and document forgery.
The indictment, served at the Tel Aviv District Court, alleges that Reifman forged documents in order to secure over six million dollars in loans from two foreign companies.
Prosecutors submitted a request to remand Reifman in custody until the end of legal proceedings or to put him under house arrest with restrictions.
Reifman founded the Emblaze media solutions company with two partners in 1994. The company has recently come under the management of special administrator attorney Eitan Erez.
Reifman recently completed a 50 day prison term for refusing a court order to transfer his assets to Erez.
Yaakov Lappin contributed to this report