Israeli police arrested a Manda resident on suspicion of defrauding the Israel Electric Corporation of approximately NIS 5 million, according to reports. The suspect allegedly obtained a list of debtors and offered to settle their debts for a reduced fee, operating with company employees. A court extended his remand.
Israeli police arrested a main suspect from Manda and several other individuals over the weekend in connection with a fraud investigation at the Israel Electric Corporation (IEC) estimated at NIS 5 million, according to reports from N12 and ynet.
The investigation began covertly months ago and transitioned to the overt stage at the end of last week, police said. The main suspect, a resident of Manda, allegedly obtained a list of IEC debtors and offered to close their debts for a reduced fee, operating with company employees. A court extended his remand on Monday.
As The Zioneer reported earlier today, police arrested several suspects in the case. The development follows a pattern of fraud investigations involving IEC employees, including an earlier indictment of four residents of Jadeidi-Makr for a separate scheme with a former IEC official.
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