The former IDB controlling shareholder allegedly fraudulently influenced IDB’s shares.
The Tel Aviv District Prosecutor (Taxation and Economics) today filed an indictment against Nochi Dankner and Itay Strum and IDB Holding Corp. Ltd. (TASE:IDBH) and Close Trading Ltd. (formerly ISP Financial Trading Ltd.) for allegedly manipulating IDB shares.
The indictment charges Dankner and Shtrum with offences such as fraudulently influencing and fraudulently affecting the shares in contravention to clause 54 of the Securities Law and offenses including prohibited purchases under the Law Prohibiting Money Laundering. Dankner is also charged with intention to mislead an investor.
The defendants have yet to file their defense but Dankner’s lawyer said the indictment is “tendentious, distorted and twists reality.”
Published by Globes [online], Israel business news – www.globes-online.com