On Tuesday evening, Israel Competition Authority detectives stormed the offices of global food giant Unilever, three months after senior executives were questioned in connection with an ongoing price rigging investigation. Investigators took computers and other materials from the offices of Unilever.
The investigation into price manipulation in Israel’s retail food sector began in November 2021 with a raid on the offices of Shufersal and Strauss, seizing computers and records.
The investigation was open on the belief that Shufersal and Strauss fixed prices in violation of the Competition Law using media comments and financial reports.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
Six CEO’s were among those who have given evidence. The list have been included Rami Levi, Diplomat CEO Noam Weiman, Shufersal CEO Itzik Abercohen, Osher Ad controlling shareholder Aryeh Baum, Victory CEO and controlling shareholder Eyal Ravid, and Yochananof CEO Eitan Yochananof.
“Unilever always acts in accordance with the law and cooperates with the investigation in any way necessary,” Unilever stated.
Unilever has had a presence in Israel since 1938. Today, Unilever-Israel is a subsidiary of the global conglomerate but operates independently, marketing 85% of the company’s products through four manufacturing facilities located throughout the country.