Ayalon Highways Chairman Idan David Investigated for Fraud

Idan David, the Chairman of Ayalon Highways, has been confirmed as the senior official investigated by Lahav 433, Israel's national fraud investigation unit. The investigation, which began following a Channel 12 news report, centers on suspicions of fraud, breach of trust, forgery, and submitting false affidavits. David is suspected of presenting significant discrepancies between the qualifications and professional experience detailed in his resume and the actual data verified during the investigation. The probe also examines claims of discrepancies in the budgets and employee numbers David reported managing.

Following the initial findings, the Government Companies Authority launched its own review and subsequently transferred the materials to the police. Early in the review process, David's appointment as Chairman of Ayalon Highways was revoked, and the Director of the Government Companies Authority announced his immediate dismissal as a director of the company. Last Thursday, officers from the National Fraud Investigation Unit searched David's home and office, seizing documents and digital media as evidence.

After his interrogation, David was released under restrictive conditions. The investigation by Lahav 433 is ongoing. David previously served as CEO of the Economic Company of Kiryat Motzkin and as a public representative on the board of the Sports Betting Council.