A massive police investigation into a suspected illegal 'shadow bank'
based at the Ramat Gan Diamond Exchange resulted in the arrest 16
suspects on Sunday.
The suspects illegally handled around a
billion shekels while carrying out a range of undeclared banking
activities, police said.
The suspects, some of whom are traders
at the Diamond Exchange, were arrested at their homes and businesses by
dozens of police and Tax Authority officials, following a year-long