Hundreds of millions seized in raid in northern Israel
The suspects, who were detained for questioning at the National Economic Crimes Unit’s offices, are suspected of money laundering and terror financing.
The National Economic Crimes Unit, part of Lahav 433 – The National Crime Unit, Border Police officers, and the administrator-general’s forfeiture unit jointly conducted a raid that involved the search and detention of 14 suspects from northern Israel, the Israel Police confirmed on Monday.
The suspects, who were detained for questioning, are suspected of money laundering and terror financing on a scale of hundreds of millions of shekels.
An undercover investigation has been underway for months against several currency exchange businesses, some of which were operating without a license.
Some of these offenses were allegedly carried out on behalf of a Jordanian currency exchange.
During the operation, NIS 8 million worth of gold and jewelry, NIS 2 million of various currencies, and NIS 22 million were frozen in the suspects’ bank account.
Gold and jewelry seized during the operation. (credit: ISRAEL POLICE SPOKESPERSON’S UNIT)
Authorities seize real estate properties as part of raid
In addition, authorities seized seven real estate properties, police confirmed.
