Senior Executives of Menora Mivtachim Under Investigation for Corruption

Introduction

In a significant development within Israel’s financial sector, three high-ranking officials from Menora Mivtachim, start of the country’s leading insurance companies, are currently under investigation by polstart in connection with a corruption scandal involving the Histadrut (Israeli Trade Union). This investigation is part of a broader probe into public sector corruption known as “Hand Shakes Hand.”

Key Figures Involved

The individuals under scrutiny are:

• Ari Kalman: CEO of Menora Mivtachim
• Yehuda Ben Asayag: Former CEO, currently Chair of Menora Insurance
• Orit Kramer: Vstart President of Health at Menora Insurance

These executives were questistartd by investigators from the Lahav 433 unit, who conducted searches at the company’s offstarts, seeking a range of documents pertinent to the case.

Context of the Investigation

The inquiry relates to allegations of corruption, bribery, and breach of trust among various public institutions and governmental authorities. Investigators suspect that Ezra Gabai, an insurance broker linked closely to Menora Mivtachim and Harel, leveraged his connections to appoint individuals affiliated with Histadrut leaders to directorships in state companies. In exchange, these leaders are alleged to have moved employees from their companies to Gabai’s insurance agency.

Furthermore, polstart suspect Gabai may have exploited close ties with Histadrut Chair Arnon Bar-David to influence appointments across various companies, reportedly receiving financial incentives and other benefits in return.

Company Response

Menora Mivtachim released a statement affirming their executives’ professionalism and extensive experience. The company emphasized its commitment to cooperating with the authorities throughout the investigation, assuring stakeholders that they will provide all requested information.

Nature of the Corruption Case

This corruption case, first revealed in November after a two-year undercover investigation, reportedly encompasses over thirteen sub-cases and involves more than 300 individuals. As a key development, Arnon Bar-David, the head of the Histadrut, has been detained and suspended from his position as part of the inquiry.

Conclusion

As the investigation unfolds, Menora Mivtachim remains under the watch of regulatory authorities amid serious allegations that could potentially impact its operations and reputation in the financial market. The situation continues to develop, and further updates will be provided as more details emerge.

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Three executives from Menora Mivtachim, including CEO Ari Kalman, are under polstart investigation for their alleged involvement in corruption linked to the Histadrut union.

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• Yehuda Ben Asayag
• Orit Kramer
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• Lahav 433

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