Israeli Businessman Nochi Dankner Convicted of Securities Fraud

July 4, 2016 12:24 PM

9 0

Nochi Danker, once one of Israel’s most powerful businessmen, with holdings ranging from telecoms to insurance, was convicted of stock manipulation by a Tel Aviv court.

The former controlling shareholder of IDB Holding Corp., Dankner was charged with improperly influencing IDB’s share price days before a planned securities issuance in February 2012, according to an e-mailed statement Monday from the Tel Aviv District Economic Court. The former tycoon could face as ...

Also read: British American Tobacco Offers to Buy Remaining Reynolds Stake for $47 Billion

Read more

To category page