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Economy · Full coverage

Kohan Properties' Owner Misuses Bond Proceeds for Personal Loans, Triggering Investor Concerns

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

Kohan Properties' Owner Misuses Bond Proceeds for Personal Loans, Triggering Investor Concerns
Unrated 2

By אמיר פרגר

First reported by Globes · Jul 10, 2026

What happened

Kohan Properties’ controlling shareholder misused $9.6 million of bond proceeds for personal loan repayments, sparking a 17% bond price drop and investor distrust. The company is investigating and has confirmed the funds were returned. This follows a similar recent scandal involving another BVI company, Simed.

  • 01Kohan Properties’ bonds fell 17%, yields rose to 14% amid repayment concerns.
  • 02Owner Mike Kohan used $9.6 million of bond proceeds for personal loan repayments.
  • 03Funds were reportedly returned; company is reviewing related transactions.
  • 04Loan and repayment details were not disclosed in quarterly reports or prospectus.
  • 05Kohan Properties contracted Uri Eisenberg’s firm for $1.87 million in consulting.
  • 06This is the second recent BVI bond issuer scandal involving misuse of proceeds.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story
People
OrganizationsKohan Properties, Israel Securities Authority, Kohan Retail Investment Group, Summit, Simed, Yesras, Malam Team
PlacesBritish Virgin Islands, Israel, United States

Full coverage · 2 outlets

The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.

CalcalistUnrated · HebrewJul 10, 2026
Kohan Properties' Owner Misuses Bond Proceeds for Personal Loans, Triggering Investor Concerns
GlobesUnrated · HebrewJul 10, 2026
Kohan Properties Bond Plummets 19% Amid Financial Irregularities in Israeli Market

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