An Israeli man was detained by Israeli police Monday morning for suspected involvement in bribery of a foreign public employee as well as money laundering.
It is suspected that the Israeli business man as well as other Israelis, many living abroad were involved in bribes amounting to tens of millions of dollars to senior officials in Guinea, in return for promoting business interests there.
The arrest followed a join investigation with Israel as well as the US, Switzerland and Guiana in coordination with the OECD.
The suspect was scheduled to appear in court later on Monday.
Alon Hochman contributed to this report.