UK Bank Leumi CEO arrested on allegations of massive fraud
Friedmann, who served previously as the CEO of Bank Leumi's central branch in Tel Aviv, allegedly gave loans based on false statements, without guarantees and against the bank's regulations.
By JPOST.COM STAFFbank leumi 224.88(photo credit: Ariel Jerozolimski [file])
The CEO of Bank Leumi in Britain, Mickey Friedmann, was arrested along with 13 other businessmen on allegations of a massive fraud, Israel Radio reported Tuesday.
Friedmann, who served previously as the CEO of Bank Leumi's central branch in Tel Aviv, allegedly gave loans based on false statements, without guarantees and against the bank's regulations.
The fraud is estimated at NIS 25 million. An investigation is taking place in the Tel Aviv District Fraud Unit.
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