Police arrest 3 suspects in NIS 500 million money laundering scheme using fictitious charities

Israeli police arrested three suspects Wednesday morning on suspicion of laundering approximately NIS 500 million through fictitious charities, according to a report on ynet. The suspects were taken into custody as part of an ongoing investigation.

Israeli police arrested three suspects Wednesday morning on suspicion of laundering approximately NIS 500 million through fictitious charities, according to a report on ynet. The investigation alleges the suspects used shell charities to obscure the source of the funds. The suspects are in custody and an investigation is ongoing.

5 developments

1. 21 minutes ago · 07:54 · 22 JulLatest

   Suspects allegedly used fictitious companies and associations to launder funds.

2. 07:32 · 22 Jul

   One suspect identified as a Haredi resident of Kiryat Yearim.

3. 07:12 · 22 Jul

   Three suspects arrested in connection with the money laundering scheme.

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