13 Arrested for ‘Deep Corruption’ at IAI
Senior executives, board members, and a former senior IDF officer are allegedly involved in deep-rooted corruption at Israel Aerospace Industries. Charges include fraud, money laundering, and breach of trust
IsraelDefense
| 15/03/2017
IAI plant (Photo: Meir Azulay)
Israeli Police arrested 13 people, including a former high-ranking IDF officer following a months-long “deep corruption” probe into the Israeli Aerospace Industries, The Times of Israel reports.
Police conducted searches of several suspects' homes, private offices, and IAI offices early Wednesday, adds the Israeli newspaper Haaretz.
"The undercover investigation of this affair has so far revealed systematic criminal conduct and suspected deep corruption, which is apparently common within the Israel Aerospace Industries," Israel Police said in a statement. Police added that charges include aggravated fraud, money laundering, theft by public officials, fraud and breach of trust.
According to Globes, the affair, which has been named "Case 630", includes many and a diverse range of employees at various levels of the State-owned defense company including senior executives, board members, workers committee members, managers, and junior employees, as well as consultants, suppliers, and IAI service providers.
The investigation has been handled by the Israel Police special department for public servant bribery at government-owned companies as well as other bodies including the economic department of the State Attorney's Office.
IAI's response read as follows: "The company has learned this morning that the Israel Police has launched an investigation on Israel Aerospace Industries. The company's CEO has instructed all relevant parties to cooperate fully with the police, in order to conclude the investigation."
Senior executives, board members, and a former senior IDF officer are allegedly involved in deep-rooted corruption at Israel Aerospace Industries. Charges include fraud, money laundering, and breach of trust
Israeli Police arrested 13 people, including a former high-ranking IDF officer following a months-long “deep corruption” probe into the Israeli Aerospace Industries, The Times of Israel reports.
Police conducted searches of several suspects' homes, private offices, and IAI offices early Wednesday, adds the Israeli newspaper Haaretz.
"The undercover investigation of this affair has so far revealed systematic criminal conduct and suspected deep corruption, which is apparently common within the Israel Aerospace Industries," Israel Police said in a statement. Police added that charges include aggravated fraud, money laundering, theft by public officials, fraud and breach of trust.
According to Globes, the affair, which has been named "Case 630", includes many and a diverse range of employees at various levels of the State-owned defense company including senior executives, board members, workers committee members, managers, and junior employees, as well as consultants, suppliers, and IAI service providers.
The investigation has been handled by the Israel Police special department for public servant bribery at government-owned companies as well as other bodies including the economic department of the State Attorney's Office.
IAI's response read as follows: "The company has learned this morning that the Israel Police has launched an investigation on Israel Aerospace Industries. The company's CEO has instructed all relevant parties to cooperate fully with the police, in order to conclude the investigation."
