BREAKING NEWS

Hapoalim CEO questioned in fraud probe

Bank Hapoalim confirmed on Tuesday that CEO Zion Kenan was questioned under caution yesterday by the police. Kenan was questioned in regard to fraudulent receiving and breach of trust.
The Israel Police National Fraud Unit suspects Kenan of involvement in the granting of illegal loans to former Bank Hapoalim chairman Dan Dankner.
Dankner was ousted from his position for alleged breaches of corporate governance. The case is already under investigation. He was questioned in connection with receiving millions of shekels in loans allegedly granted improperly when he was chairman.
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