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Israel Cancels CEO Appointment Amidst Resume Fraud Allegations

By איתמר לויןUpdated 2 days agoOngoing story · 10 updates
Translated & summarized from Bizportal by baba
The story · English

The committee for approving senior appointments in government companies has revoked its approval for the appointment of Idan David as CEO of Netivei Ayalon, following serious suspicions that he falsified his resume. The committee, chaired by retired Jerusalem Magistrate Court President Shulamit Dotan, found that David's application contained significant misrepresentations.

These suspicions first surfaced earlier this month in an investigative report by Channel 12. The Government Companies Authority subsequently demanded explanations from David and warned that his appointment could be canceled. The head of the Investigations and Intelligence Division, Superintendent Boaz Balat, ordered an investigation into the matter. David was the candidate favored by Transportation Minister Miri Regev, who oversees Netivei Ayalon, and his appointment was also finalized by Minister Dudi Amsalem, who is responsible for the Government Companies Authority.

In her decision, Dotan detailed the findings regarding David's resume, concluding that the initial decision to appoint him was based on a factual foundation that is highly likely to be untrue. She stated that the factual basis for the decision has thus been undermined, rendering the appointment invalid. Dotan noted that David provided a response to the allegations, which he dismissed without detail, claiming his extensive professional experience speaks for itself and that the short notice prevented a thorough response. David also expressed concern that the Authority's inquiry was not objective but related to his activities as chairman and the Authority's criticism of those activities.

The Channel 12 investigation, by Yossi Mizrahi, uncovered further discrepancies. David claimed to have been CFO of a company called Migdalit, but failed to mention it faced legal action for illegally employing foreign workers and went bankrupt with NIS 50 million in debt. He also claimed credit for initiating urban development projects and a promenade in Kiryat Motzkin that were already planned or built before his tenure. While he managed companies in Bat Yam and Ashkelon, the investigation found no evidence of his private company, IDY, which he claimed had 320 employees and managed assets worth NIS 4 billion, despite it being crucial for meeting the experience requirements for the Netivei Ayalon chairman position.

Read the original at Bizportal
Full coverage · 9 outlets
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