Israeli Jailed For 10 Years For Operating 'Underground Bank' at Israel Diamond Exchange

Legal
07/12/2015 14:20

Meir Ohana convicted of whitewashing checks and creating fictitious accounts as well as moving cash abroad under the cover of importing diamonds without reporting any of it to the tax authorities. The business is estimated to have dealt with at least $100 million of business. In addition to the 10-year sentence, Ohana will also serve a two-year term on probation and pay a fine of one million shekels ($260,000).