Region: Israel

Israel’s former defence minister Binyamin Fuad Ben-Eliezer has been indicted by prosecutors in the country for bribery, fraud and money-laundering.

04 December 2015

Tel Aviv District Attorney’s office says it may indict five former executives and one current manager of Israel Electric Corporation (IEC), for allegedly accepting bribes from German engineering company Siemens to rig tenders for power station turbines between 1999 and 2001, according to reports.

12 October 2015

Former Teva Pharmaceutical lawyer John Pease has joined Morgan Lewis & Bockius in the firm’s white-collar and government investigation practice in Philadelphia.

11 September 2015

US authorities are investigating Israel’s Bank Hapoalim as part of their wide-ranging probe of alleged corruption at world football governing body Fifa. The bank, which held accounts for a number of suspects in the Fifa investigation, confirmed to Israeli financial news publication Globes that it was cooperating with authorities.

11 September 2015

The Israeli Securities Authority says it has passed evidence to prosecutors that shows Siemens paid around US$20 million to officials at state-owned Israel Electric Corporation between 2000 and 2005 to win contracts.

16 July 2015

The OECD has criticised Israel’s lack of foreign bribery enforcement after the country failed to prosecute any such cases in the past seven years, despite receiving 14 allegations of foreign bribery against Israeli companies and individuals.

25 June 2015

Italian prosecutors are seeking to indict the Bank of China and almost 300 individuals in connection with a money-laundering investigation. According to reports, prosecutors in Milan said over €4.

22 June 2015

Israel’s Securities Authority has asked to interview current and former employees of German engineering company Siemens as part of a bribery investigation of state-owned Israel Electric Corp, Israeli newspaper Calcalist reports.

09 April 2015

India and Israel are threatening to launch criminal investigations into the alleged use of Swiss bank accounts for tax evasion. FINMA, Switzerland’s Financial Markets and Supervisory Authority, said in its annual report that: “Germany, France, Belgium and Argentina have followed the US in launching high-profile criminal investigations, while Israel and India are threatening to do so.

08 April 2015

Ehud Olmert, Israel’s prime minister from 2006 to 2009, has been convicted of taking bribes from a US businessman in return for political favours.

30 March 2015