Ofer Brothers execs suspected of insider trading

By JPOST.COM STAFF
April 29, 2010 12:01

 
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 analysis 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 experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • 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

Senior managers at Melisron Ltd., the real estate branch of the Ofer Brothers conglomerate, are suspected of breaking securities laws, Israel Radio reported Thursday. Avi Levi, Avi Haelyon and Golan Madar, two executives, are suspected of investing NIS 24 million in the company in order to raise the value of the company's stocks.

Melisron is a publicly traded company that owns the Ramat Aviv, Savyon and Keryon malls. Tel Aviv courts has released the three suspects.

In a reaction to Israel Radio's story, the Ofer group said it is cooperating with the investigation and believes in its managers are innocent.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
May 19, 2019
Security tightens as Indian election enter final phase

By REUTERS