Show me an example Israel Real Estate News: Israel Police issue int'l warrant for arrest of Heftsiba CEO Yona

Friday, August 24, 2007

Israel Police issue int'l warrant for arrest of Heftsiba CEO Yona

Yona fled Israel two weeks ago, mere hours before the public learned that the real estate group he led, Heftsiba, was crumbling. The police suspect that fraud and embezzlement were involved, by company officials and possibly by officials at banks that lent money for Heftsiba projects as well. The banks deny any such criminal behavior on their part. The international warrant means that all countries that have extradition treaties with Israel would be obligated to return him if he is caught on their territory, as long as he isn't a citizen of the particular country.