Yaniv Mualem was convicted on two serious indictments for operating a sophisticated network of shell companies that distributed and offset hundreds of fake tax invoices in the fuel industry, causing a loss of approximately 65 million shekels to the state, Channel 12 reports. The scheme also involved money laundering through currency service providers and cash withdrawals.
Yaniv Mualem was convicted on two serious indictments for running a sophisticated network of shell companies and straw men that distributed and offset hundreds of fake tax invoices in the fuel industry, causing a loss of approximately 65 million shekels to the state, Channel 12 reported Sunday. The scheme also involved money laundering through currency service providers, with tens of millions of shekels withdrawn in cash and their source concealed.
The Zioneer previously reported that Mualem was extradited from Panama after fleeing Israel during his trial, and was convicted of the fuel tax fraud. The new report provides further details on the scope of the operation, including the use of straw men and shell companies to issue and offset fictitious invoices worth hundreds of millions of shekels.
Details on sentencing or additional charges have not yet been released.
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Source and signal
- Open-source intake