Daily Archive: August 14, 2017

Aug
14

Israeli Billionaire Beny Steinmetz Detained in Investigation

Israel, which is looking into potential money laundering, is one of five countries scrutinizing Mr. Steinmetz, a mining and real estate magnate.

Aug
14

Telit Communications chief fired after fraud allegations

Telecoms company dismisses Oozi Cats after investigators found an Uzi Katz was named as fugitive defendant in US in 1990s

The chief executive of a London telecoms company has been fired after it alleged that he had been lying about his true identity for at least 17 years and was on the run from US police.

Oozi Cats, 56, was dismissed on Monday by Aim-listed Telit Communications after the company’s private investigators found that he was in fact Uzi Katz, named by Boston’s district court as a “fugitive defendant” wanted in connection with an alleged 1990s property scam.

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Aug
14

Diamond tycoon Beny Steinmetz detained in fraud inquiry

Detention of six people after series of raids by Israeli police follows allegations of forgery and money laundering

One of the world’s wealthiest men has been detained after appearing in court in Israel during a police investigation into allegations of fraud, forgery and money laundering.

Beny Steinmetz was remanded for four days after being detained and questioned along with five other prominent businessmen who are also under investigation.

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