The Rishon Lezion Magistrate's Court ruled on Wednesday to extend the remand of a senior employee of the Hazon Yeshaya charity for a further seven days, following his arrest on suspicion of widespread misuse of funds.
Police arrested four members of the charity last week. A strict gag order prevents publication of their names.
Judge Michael Karshen said the suspect, who is currently in hospital and did not appear in court, was suspected of aggravated fraud, money laundering, falsifying corporate documents and forgery, but that police had dropped an additional suspicion of extortion.
In extending the suspect's remand until April 18, Karshen said Hazon Yeshaya had received substantial donations totaling tens of millions of shekels for food distribution to the poor and for Holocaust survivors but police suspect a significant portion of those funds were not used for their stated purpose.