Israeli Real Estate Firm Seeks Bank to Reveal Fraudster’s Account Details After Scam
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
By אלמוג עזר
First reported by Globes · Jul 5, 2026
What happened
Migdale Top Real Estate was defrauded of nearly 4 million shekels through forged municipal documents and payments to a private Bank Leumi account. The company is suing to force the bank to reveal the fraudster’s identity to recover the funds and impose a lien. The fraud involved fake vouchers and permits, and the company cites legal precedents to support its demand for disclosure.
- 01Migdale Top Real Estate lost nearly 4 million shekels in a sophisticated fraud involving forged municipal documents.
- 02The company transferred funds to a private Bank Leumi account falsely believed to belong to Tel Aviv municipality.
- 03Migdale Top is suing to compel Bank Leumi to disclose the fraudster’s full account details for legal action.
- 04Bank Leumi refuses to share information citing confidentiality, blocking the company’s recovery efforts.
- 05The company cites Supreme Court rulings that require banks to reveal account holders in fraud cases.
- 06Migdale Top is owned by notable figures including Aryeh Bar, Moti Kuprali, and Eli Azur and focuses on urban renewal projects.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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