Israeli Police on Monday arrested 18 citizens on suspicion of conducting ‘large-scale, systematic’ fraud against international companies.
According to the Police, Lahav 443 special investigations unit, the suspects were detained and their homes and businesses raided Investigation is being conducted with Israel Securities Authority.
Police statment said:
“Suspects were involved in systematically committing large-scale fraud against foreign companies, including false representations designed to convince victims to transfer funds to the accounts of those involved.
“As part of their investigation, officers from the national fraud investigations unit raided the homes and businesses of suspects in Ashdod, Netanya, Tel Aviv, Ramla, Tira, Givatayim, Gan Yavne and Ashkelon. Computers, cell phones, money, documents and all materials relevant to the investigation were collected.
“Depending on developments, a hearing to request an extension of detention will be held in the Rishon Lezion Magistrate’s Court. The investigation, which is still in early stages, is being jointly managed with the Israel Securities Authority and the State Attorney.”