Former Netivei Ayalon Chairman Investigated for Fraud and Breach of Trust
Translated & summarized from Globes by baba
The story in 5 lines · by baba
- Former Netivei Ayalon chairman Idan David is under investigation for fraud.
- An investigative report alleged David inflated his resume and financial claims.
- David was dismissed from his position by the appointments committee.
- A civil lawsuit is being prepared against David for illicit salary and reputational damage.
- Netivei Ayalon is a government company managing NIS 3 billion in infrastructure projects.
Idan David, the former chairman of the government-owned company Netivei Ayalon, is under investigation by the National Fraud Investigations Unit of Lahav 433 on suspicion of fraud, breach of trust, forgery, using a forged document, and submitting a false affidavit. David was detained, his home and office were searched, and documents were seized. He was later released under restrictive conditions.
The investigation was launched following a Channel 12 investigative report two weeks prior, which alleged that David systematically inflated his resume and managerial experience to meet the job requirements for his position at Netivei Ayalon, creating a false impression of senior experience. The report also claimed that the financial scope of the company 'Migdalit,' where David previously worked, was significantly lower than he declared upon his appointment, with reported revenues of approximately NIS 17 million compared to his claim of NIS 800 million.
Consequently, the appointments committee, headed by Judge Shulamit Dotan, dismissed David from his role as chairman and from the board of directors. The committee cited the investigative report and the discrepancy in financial figures as reasons for the dismissal.
In parallel, the government is preparing to file a civil lawsuit against David. The suit is expected to seek the return of approximately NIS 300,000 in allegedly illicit salary payments and compensation for damage to the company's reputation.
David was appointed chairman in July of the previous year, reportedly nominated by Minister David Amsalem, who oversees government companies. Prior to this, David served as the CEO of Ashkelon Municipality under Mayor Tomer Glam for three years, resigning a few months before the last municipal elections. Netivei Ayalon manages approximately NIS 3 billion annually and is responsible for infrastructure development, highway construction, development programs in the Arab community, and innovation in transportation projects.
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