Club Hotel to pay NIS 170,000 in settlement over fees

The Club Hotels group headed by Nissan Khakshouri and local investors Nissim Yaniv and Moshe Bublil, which was sued by Yair Karni & Co. accountancy firm for NIS 5 million in fees, will pay NIS 170,000 after settlement was reached last week. The settlement was reached after witness of the prosecution accountant Gila Shlifer broke down and admitted that in part of the prosecution case hourly rates of between $1,000 and $5,000 were demanded. Furthermore Shlifer admitted that she charged double and triple and issued obligations for thousands of millions of dollars for non-active companies.