The Justice Ministry's Security Companies Licensing Committee will revoke the licenses of three security firms and their security managers over involvement in protection-racket (extortion) collection. The companies are accused of aiding regional protection collectors, known as 'rais', divided by geographic area, and will be barred from the field for three years.
The Justice Ministry's Security Companies Licensing Committee is revoking the licenses of three private security firms and their managers for involvement in protection-racket (extortion) activities, according to a report by The Jewish Voice. The firms are accused of assisting regional protection collectors known as 'rais', who operate by geographic division, and will be banned from the industry for three years. The ministry described the move as a significant layer in the fight against what it termed the 'plague of the state' that exploits security companies for money laundering and extortion. This development follows Finance Minister Bezalel Smotrich's recent announcement of millions in aid for victims of protection rackets and his call for tougher police and judicial action against the phenomenon, as The Zioneer reported on June 28.
- StrongSmotrich: Millions approved for protection-racket victims, demands police crackdown
- DevelopingSmotrich to bring NIS 30 million relief plan for northern businesses harmed by protection rackets
- DevelopingState prosecution files indictment against three for protection racket in south Tel Aviv
- DevelopingThree senior Daka crime family members arrested on extortion and money laundering charges
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