Three more people including the daughter-in-law of Bezeq’s controlling shareholder have been questioned by the Israel Securities Authority in the securities-fraud probe into the telecom company and its Yes subsidiary.
Shaul Elovitch is expected to accede to demands from his bank creditors to sell off half of his controlling stake in Bezeq over the next few years, with the aim of helping settle 1.2 billion shekels ($340 million) in debt his Eurocom Group owes.
Communications Ministry Director-General Shlomo Filber is currently under investigation on suspicions he acted in a fraudulent manner to advance the interests of Israeli telecommunications conglomerate Bezeq.
The Israel Securities Authority (ISA) announced today that the investigation into the Bezeq group had been expanded to the deal for provision of satellite communications services between Spacecom Satellite Communications Ltd. (TASE:SCC) and satellite broadcaster Yes.
Shaul Elovitch, the controlling shareholder of Bezeq, was ordered released by Tel Aviv Magistrates Court on Wednesday but was barred from entering Bezeq’s headquarters and subjected to other conditions, as a wide-ranging Israel Securities Authority investigation marked its second day.