Israeli Police Seize Nearly 183 Million Shekels in Insurance Company Corruption Probe

Israeli police have seized approximately 183 million shekels in connection with an ongoing investigation into corruption within the Histadrut labor federation, known as the "Yad Lochatz Yad" case. The National Fraud Investigation Unit (Yaha) at Lahav 433 announced that about 93 million shekels were confiscated from accounts belonging to Menora Insurance Company, alongside an additional 90 million shekels from personal accounts of several senior executives at the company.

Authorities revealed that these funds were linked to alleged bribery and influence-peddling involving Menora's promotion and renewal of a pharmaceutical insurance policy within the Histadrut. The investigation suggests that Menora provided benefits and payments to insurance agent Ezra Gabay, who is suspected of leveraging his influence over Arnon Bar-David, the chairman of the Histadrut, to secure the policy's approval and renewal, thereby increasing the company's profits.

The police indicated that senior officials from Menora will be summoned for further questioning in the coming week. They also emphasized that the investigation is ongoing and that the evidence gathered so far strengthens suspicions against those involved in the case.