A criminal gang from the Arab community in Northern Israel recently assassinated a local council candidate, leaders of the nearby Druze community want it to be considered terrorism.
The police said that they were able to confiscate the cash, property, and vehicles valued at NIS 1,216,818,200 due to law enforcement's persistent operations.
Israel police have stopped multiple criminal assassinations in southern Israel in the past five days, as blood feuds between rival gangs continue.
Herzog called for the government and the relevant public to end the wave of violent murders which has predominantly affected Israel's Arab sector.
The Alperon family rose to fame in the late 70s, when they began running gambling parlors, nightclubs, extortion rackets and later bottle recycling rackets in the Tel Aviv area.
Several incidents of violent crime over the last 48 hours left two Israelis killed and another three seriously injured.
The Israel Police released its latest statistics detailing the successes of its ongoing operation fighting crime in Israel's Arab sector.
The suspect's detention joins four other arrests made by Israel Police in connection to the Tel Aviv shooting incidents.
National Security Minister Itamar Ben-Gvir said he will ask Prime Minister Benjamin Netanyahu to mobilize the Shin Bet to fight crime syndicates.