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The Tel Aviv District Attorney’s Office announced Sunday it has filed an
indictment against several Ofer Brothers Group executives over an alleged
attempt to fraudulently raise the price of real-estate subsidiary Melisron’s
bonds in 2009.
The executives named in the indictment are Avi Levy, Golan
Madar and Eli Haelyon. Melisron, which is a publicly traded company controlled
by the Ofer Brothers Group, and private subsidiaries Ofer Investments and Ofer
Development and Investments were all named in the indictment.
to the indictment, Levi and Madar, as the CEO and financial officers for the
three companies, fraudulently attempted to raise the price of the bonds over a
four-day period in November 2009.
Levi and Madar allegedly did so by
instructing Haelyon, who worked as a trader at Poalim Sahar, to take actions
that would raise the price of the bonds or at least prevent them from falling.
They allegedly gave Haelyon use of NIS 30 million from the Ofer Brothers Group
account in order to carry out the operation.