Israeli police investigators from the Lahav 433 unit, in collaboration with the Tax Authority, announced on Wednesday the conclusion of a joint investigation into a concrete block factory in Kafr Kara suspected of money laundering and tax offenses, according to a police statement.
Several individuals associated with the factory have been charged with offenses related to a criminal organization involving a bankrupt company that continued illegal operations while concealing funds.
During a search of the factory, authorities seized live checks worth NIS 7 million, 50,000 dollars, and three vehicles.
Police arrest suspects in NIS 50 million money laundering scheme
The suspects are accused of committing money laundering offenses and violating Income Tax and VAT laws, with the total amount involved estimated at approximately NIS 50 million.
Four suspects from Kafr Kara, all in their 40s, were arrested and taken for questioning.
They are scheduled to appear at the Rishon LeZion Magistrate's Court for a hearing regarding their detention extension.