Israeli Police Seize Tens of Millions in Insurance Fraud Probe Involving Histadrut

The National Fraud Investigation Unit of Lahav 433 conducted a major financial enforcement operation on Monday, seizing tens of millions of shekels from bank accounts belonging to Menora Mivtachim and some of its senior executives. This action is part of the ongoing investigation into the "Yad Lochachat Yad" (Hand Shaking Hand) affair involving the Histadrut labor federation.

Authorities suspect that Menora Mivtachim provided benefits and payments to insurance agent Ezra Gabay to promote the signing and renewal of a pharmaceutical insurance policy with the Histadrut. The police allege that these payments were made due to Gabay's influence over Arnon Bar-David, the chairman of the Histadrut, aiming to secure approval and renewal of the policy. The primary motive attributed to the company was to increase its financial profits.

Following the strengthened suspicions from the investigation so far, senior figures involved are expected to be summoned for further questioning at the Lahav 433 offices in the coming week. The probe remains active as investigators continue to unravel the details of this complex bribery and fraud case.