Director Arrested Over Suspected 26 Million Shekel Fake Invoice Scheme at Construction Firm

Shmuel Gazit, a shareholder and director at Niti Development and Construction Ltd., was arrested on suspicion of deducting approximately 26 million shekels in fake tax invoices from the company's books. The alleged tax deduction amounts to about 4 million shekels. The investigation, conducted by the Customs and VAT Investigations Department in Jerusalem, covers the period from 2022 to 2025. Gazit was brought before the Jerusalem Magistrate's Court and released under restrictive conditions, including a financial deposit, guarantees, a 180-day travel ban, and a prohibition on contacting other suspects involved in the case. The tax authority confirmed that the investigation is ongoing.