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Security14:12 · 2h ago

Israeli Security Equipment Firm Ability Indicted for Smuggling $10 Million Worth of Gear

Calcalist
Translated & summarized from Calcalist by baba
The story · English

The Israeli prosecution filed an indictment and plea deal on Tuesday against Ability, a publicly traded security equipment company, and two of its executives for smuggling defense equipment valued at 35 million shekels (approximately $10 million). Most details of the indictment remain under a gag order. Ability, which develops and manufactures monitoring, enforcement, and cyber technologies, is currently under temporary trusteeship due to insolvency. The company’s controlling shareholders are Anatoly Khurgin and Alexander Orovsky. The accused executives, whose names were not released by court order, face charges of aggravated smuggling violations related to breaches of the Defense Export Control Law and unauthorized marketing of defense products. Additionally, one executive is charged with tax offenses, and the company faces money laundering allegations.

Read the original at Calcalist
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