Bank of Jerusalem Stock Plummets Amid Disappearance of Employee and Daughter, Bank Denies Financial Misconduct

The Bank of Jerusalem's stock sharply declined following rumors linked to the disappearance of employee Mali Yahalomi and her daughter in Vienna. The bank firmly denied any connection between the incident and financial misconduct, emphasizing that no irregularities were found in the bank's funds or assets after an internal review. In a message to employees, Kaplan, a bank representative, acknowledged the concerns but stressed the absence of any link between the disappearance and the bank's operations, while reminding staff of a gag order prohibiting information sharing on the matter.

The police confirmed that no evidence of missing funds has been found so far, but all investigative avenues remain open under a strict publication ban. The investigation has been assigned to the National Unit for Combating Economic Crime, which does not necessarily imply suspicion of financial wrongdoing but reflects the unit's expertise and international connections. Despite reassurances, the stock market reaction has caused investor anxiety, potentially impacting the bank's stability. Authorities continue to withhold further details as the inquiry proceeds.