The Tel Aviv District Attorney’s Office on Sunday filed an indictment with the Tel Aviv District Court against crime boss Yitzhak Abergil and a range of other defendants and companies for a scheme in which they moved as much as NIS 51 million in public funds from a public company to Abergil’s interests, including a casino in Romania.
In March, the district attorney’s office had announced that it would likely file the indictment, but had added in a statement that it would grant Abergil and the others a special pre-indictment hearing before filing the case…
Regarding this new indictment, it is alleged that Abergil, Nissim Pines and Balulu established S.Y.N. Gan Raveh in 2007, but registered it only in Balulu’s name in order to cover-up Abergil and Nissim Pines’ involvement.
B. Yair Construction was a private company under Biton’s control in 2006, when it became a public company, though Biton remained the controlling shareholder, said the indictment.
From 2007-2008, noted the indictment, S.Y.N. signed agreements with B. Yair to build 86 units for a housing development projects in Eilat for a payment of NIS 41,650,000 million.
Next, the indictment stated that S.Y.N. signed the agreement while representing publicly that it was a certified developer, though it had no certification, Nissim Pines’ was publicly legally bankrupt and he was also prohibited from engaging in work as a developer.