Dor Alon Suspects Massive Embezzlement of $11 Million at Gas Stations
Energy company Dor Alon, which operates gas stations across Israel, announced on Tuesday suspicions of a large-scale embezzlement scheme totaling approximately 40 million shekels (about $11 million). Preliminary investigations suggest that employees at several of its fuel complexes have been involved in the theft over recent years.
Dor Alon stated that based on initial findings, the majority of the alleged theft occurred in recent years. The company has hired an external investigation firm and filed a complaint with the Israel Police. The company is currently assessing the potential impact on its financial statements and the need for accounting adjustments.
Despite the significant sum, Dor Alon emphasized that the incident has not affected customer funds or charges. The company also confirmed it holds an insurance policy for embezzlement and fraud.
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