Head of West Bank settlement construction firm questioned on suspicion of fraud

By
April 19, 2016 20:39

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The head of a major construction company that builds projects across the Green Line was questioned under caution by police on Monday on suspicion of aggravated fraud, police revealed Tuesday.

The case involves the executive and the treasurer of the corporation, who police say took commissions for the corporation from Finance Ministry funds that were funneled to a development body in a local council in the West Bank. The commissions they allegedly took were not reported to the Finance Ministry, police said.

Both suspects were released after questioning on Monday with conditions, including a restraining order banning them from the offices of the construction corporation. They are also forbidden from making any contact with the Finance Ministry or any other government bodies responsible for sending state funds to local authorities.

The identity of the witnesses in the case remains under gag order.

This is not the first investigation against the corporation. A decade ago police launched an investigation into the company following a complaint about their involvement in the construction of illegal outposts.

Related Content

Breaking news
July 23, 2018
IDF to carry out pre-planned military exercise near Gaza border

By JERUSALEM POST STAFF