Israeli police arrested three suspects Wednesday morning on suspicion of operating an international money laundering network valued at approximately NIS 500 million, according to i24NEWS. The suspects allegedly used a network of fictitious companies and associations in Israel and abroad to launder money for local businesses and smuggle funds into the country.
Israeli police arrested three suspects Wednesday morning on suspicion of operating an international money laundering network valued at approximately NIS 500 million, according to a report by i24NEWS. The suspects are alleged to have used a network of fictitious companies and associations in Israel and abroad to launder money for local businesses and smuggle funds into the country. The arrests include a Haredi resident of Kiryat Yearim, and police have seized dozens of assets believed to have been purchased with illicit proceeds, as previously reported by ynet, Channel 12, and N12.
At 07:07 Jerusalem, ynet first reported the arrests, citing an ongoing investigation. Shortly thereafter, Channel 12 and N12 added details of asset seizures and the suspects' use of fictitious charities and companies. By 07:07 Jerusalem, The Zioneer had published four updates tracking the emerging details, including the identification of the Haredi suspect and the seizure of assets.
The Zioneer has previously reported on other large-scale money laundering cases, including the arrest of senior members of the Daka crime family and a resident of Ariel in separate investigations. However, there is no indication of a direct connection to this case.
The investigation is ongoing. The identities of the two other suspects have not been officially released, and the full scope of the network remains under police scrutiny.
5 developments
Source and signal
- Internal intake