BREAKING NEWS

Supermarket mogul Rami Levi arrested on fraud charges

SEPTEMBER 10, 2017 12:01

Supermarket magnate Rami Levi and three other suspects, including an unidentified municipal official, businessman and newspaper editor, were arrested outside of Jerusalem Sunday morning on fraud and breach of trust charges related to a mall owned by Levi.

While details of the property and investigation by Lahav 443 remain unclear due to a gag order, police said it follows extensive interrogations and a raid of the municipal official’s files showing alleged collusion between the four.

Last June, Levi, who is credited with introducing discount supermarkets to Israel, was investigated for allegedly using his chain’s internal security system to eavesdrop on employees.

The investigation began several months earlier when a former employee of Rami Levy Communications complained that officials at the company used its security system to monitor and record employees.

Following Sunday’s arrest, stock traded by Levi’s conglomerate were suspended pending the ongoing investigation.

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