Police Launch Probe into Road Company Chairman Amid Forgery Allegations

Israel's police have opened an investigation into Idan David, the chairman of Netivei Ayalon (Ayalon Highways), following allegations of forgery and other offenses. The probe was initiated after a "HaMevaker" (The Critic) investigative report revealed apparent discrepancies between the details David presented during his appointment process and findings from a subsequent investigation by Channel 12 News.

Simultaneously, David has been summoned by the Government Companies Authority for clarification. The authority requested his response to the claims before the report aired, but stated he did not reply. He is now required to provide explanations and documents related to the information he submitted for his appointment, with a deadline of Tuesday at 6:00 PM, including a sworn affidavit.

The investigation centers on data David provided about his work at Migdalit company, where he claimed to have served as vice president of a company with approximately $220 million in revenue and over 400 employees. However, documents suggest significantly lower figures, and the accountant whose signature appeared on an approval stated they did not provide it and had no connection to the company. The former CEO of Migdalit also denied David's claim of serving as vice president.

Additionally, the authority is seeking proof of activity for GROUP IDY, a company David stated had 320 employees, $570 million in revenue, and a $1.3 billion balance sheet. David had previously claimed he lacked documented information on the company's activities from external sources. He is now required to present accountant confirmations or state reports to verify its scale of operations.

The Government Companies Authority warned that submitting inaccurate details could be grounds for disqualification, and criminal proceedings might be considered. They also noted that if the information proves false, his appointment could be revoked.