The US Treasury Department’s announcement that it yet again extended a program to thwart money laundering by Russians and other foreigners through luxury US real estate begs the question: why isn’t it permanent?
The Tax Authority on Monday secured a hold on all private assets belonging to real-estate magnate Inbal Or, who is at the center of a massive fraud case.
Real estate developer Inbal Or is currently being questioned under caution by the anti-fraud unit of the Tel Aviv police, as part of a criminal investigation into allegations of tax violations and fraud.