An indictment has been filed against the CEO"Ortam Sahar has two offenses of fraud and production of trust

The State Attorney’s Office for Taxation and Economics filed an indictment today (Thursday) in the Tel Aviv Magistrate’s Court against Amir Nahum, former controlling shareholder and CEO"To the public company Ortam Sahar, for two offenses of fraud and breach of trust in the corporation. The indictment was filed as part of a plea deal, subject to court approval, according to which Nahum will confess in the indictment and the parties will jointly plead guilty to a sentence of 6 months imprisonment by way of community service, a fine of 250,000 shekels"H. and probation, at the discretion of a court. Ortam Sahar was a public company that engaged in initiating and performing contracting work in the real estate field"N.

According to the indictment, Amir Nahum, who was the controlling shareholder at the time and served as a director and CEO"To the company, in 2013 he initiated a meeting with the owner of a company that provided services to Ortam Sahar as a subcontractor, and asked him to transfer a payment of NIS 1.6 million to a private company owned by Nahum."H., in connection with projects belonging to Ortam Sahar. To this end, Nahum promised that the same supplier would enjoy additional enjoyment as part of his business relationship with Ortam Sahar. The supplier complied with Nahum’s request and transferred to the account of his private company the amount he requested.

In addition, as part of a contract with another supplier, Nahum did not disclose to the public company the transfer of a discount of NIS 50,000."H, to which the public company was entitled, from the supplier’s account to the private Ortam account. According to the indictment, in both cases Nahum took advantage of his position and position in the company to obtain personal profit and thus violated his obligations to the company. The indictment was filed by Eva"D. Assaf Occupation and Adi Levy from the Securities Department of the State Attorney’s Office for Taxation and Economics. The case is being investigated by"The Intelligence and Trade Control Department of the Securities Authority and the Tel Aviv Investigations Assessing Officer.

Illustration. Credit: pixabay

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *