Corruption
ISA
arrests IEC managers in Siemens bribery affair
28/12/2014, 16:45
The Israel Securities
Authority has made further arrests in connection with suspected bribery at Israel
Electric Corporation.
The gag order barring
reports that the Israel Securities Authority has detained for questioning
additional senior Israel
Electric Corporation(IEC) (TASE: ELEC.B22) officers in the
Siemens bribery affair was lifted today. Among those detained are Yakov Hain,
until a few days ago deputy CEO of the company, and former deputy CEO David
Kohn, who left the company in 2004. A gag order still applies to other
particulars of the affair.
While former District
Court Judge Dan Cohen is serving a six-year sentence, after admitting that he
took a NIS 4 million bribe from Siemens for steering very large-scale IEC
tenders, in recent months the authorities have continued their efforts to
identify and prosecute additional parties suspected of receiving millions of
shekels in bribes from Siemens.
In June, it was
permitted to report that the Securities Authority and the police were
questioning under caution four businessmen and former public servants at IEC
suspected of receiving or being involved in transferring $16 million in bribes
from Siemens.
The four men are
former Siemens Israel energy and industry division manager Oren Aharonson, who
later became CEO of the company in Israel, and who was a state's witness
against Dan Cohen; Oakfield Ltd. owner Shlomo Daniel, Aharonson's
brother-in-law; forex trader Anton Mitchell Dalin, who has been an associate of
Aharonson for years; and Haim Bar-Nir, until recently IEC business development
- production manager and IEC deputy planning manager during the relevant
period.
The four men are
suspected of taking $16 million in bribes. It is suspected that the bribes were
given by Siemens and transferred by Aharonson through Daniel and other to
Bar-Nir and Dalin using various overseas accounts.
IEC said in response
to the report, "Israel Electric Corporation will assist all the
enforcement agencies to uncover the truth in whatever is required. The events
in the Siemens affair occurred more than a decade ago, a long time before
current chairman Yiftah Ron-Tal and CEO Eli Glickman were appointed. The
chairman, CEO, directors and management are acting with maximum transparency
and will assist as much as is required to reach the truth. We also stress that
the company's management has a policy of zero tolerance for corruption and does
all in its power to maintain transparency and proper corporate
governance."
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