Police move in connection to Beny Steinmetz's prior arrest in December. Well-known businessman, strategic consultant, others suspected of using fake contracts to move, launder money
Israeli billionaire Beny Steinmetz, a well-known strategic adviser and three other businessmen were detained for questioning on Monday over allegedly using fake contracts to move and launder money. The homes and offices of some of them were raided by law enforcement Monday morning.
Technically the suspicions center on forgery, use of a forged document, money laundering, fraud, breach of trust, obstruction of justice and more in connection to Steinmetz's arrest in December.
The police suspect that the five detainees and central suspect systemically made use of contracts for nonexistent deals, including property deals in a foreign country, to move money around and launder ill-gotten gains. International law enforcement is involved in cracking the case, say Israeli sources.