c-israel-RTX2ZZCJ-Baz Ratner

Many of Israel’s most valuable companies are under investigation for various misdeeds

$57 billion

Israel’s police and securities regulator are investigating 17 companies, out of about 540 listed in the Tel Aviv Stock Exchange.

Published   |  Photo by Reuters/Baz Ratner
c-israel-RTX2ZZCJ-Baz Ratner
$57 billion

Though the number is small, many of the firms are valuable and represent a large portion of the exchange’s capitalization, including Teva Pharmaceutical Industries and construction company Danya Cebus.

c-israel-RTX2ZZCJ-Baz Ratner
$57 billion

Together, the companies under scrutiny have a market capitalization of more than $57 billion, representing almost a quarter of the Tel Aviv Stock Exchange.

c-israel-RTX2ZZCJ-Baz Ratner
$57 billion

Firms are being investigated for bribing officials both in Israel and abroad, leaking information on deals before they were reported, assisting tax evasion, and misusing corporate funds.

c-israel-RTX2ZZCJ-Baz Ratner
$57 billion

The Israel Securities Authority started many of those investigations under the watch of chairman Shmuel Hauser, who took office in 2011 and stepped down in 2017.

home our picks popular latest obsessions search