According to the Israel Police on Monday, officers from the Lahav 443 special investigations unit arrested 18 suspects on suspicion of operating a network of fraud operations against international companies.
Police stated that “Suspects were involved in systematically committing large-scale fraud against foreign companies, including false representations designed to convince victims to transfer funds to the accounts of those involved.”
The statement from police further added, “As part of their investigation, officers from the national fraud investigations unit raided the homes and businesses of suspects in Ashdod, Netanya, Tel Aviv, Ramla, Tira, Givatayim, Gan Yavne and Ashkelon. Computers, cell phones, money, documents and all materials relevant to the investigation were collected.
“Depending on developments, a hearing to request an extension of detention will be held in the Rishon Lezion Magistrate’s Court.
The investigation, which is still in early stages, is being jointly managed with the Israel Securities Authority and the State Attorney.”
