The Petah Tikva District Court charged 28-year-old underworld figure Shai Shirazi Monday morning with the murder of Arthur Matayab, killed on April 14.
Shirazi allegedly fatally stabbed Matayab in what police described as a power struggle over an illegal casino in Netanya's industrial zone.
Arthur Matayab, who had a record of past criminal activity, was stabbed in the back outside the Ikea furniture outlet in the industrial zone.
A little over two weeks later, Shai Shirazi was arrested after police linked him to the killing, while his father, Rico, described by police as a major Netanya underworld player, was arrested for allegedly abetting the murder. Rico Shirazi was released a few days after his arrest.