"The court hearing will provide an important opportunity to refute all the lies being spread by Dankner and his aides," said Motti Ben-Moshe today in response to Tuesday's order by Tel Aviv District Court Judge Eitan Orenstin to appear in court on Sunday to provide information about his financial wherewithal and his past.
Ben-Moshe, the controlling shareholder in Xtra Holdings GmbH, says that he welcomes Orenstin's summons, saying, "This is an important opportunity to clarify to the honorable court everything it wants to know about my full control in Xtra, detail my financial soundness, and refute once and for all the lies, spin, and manipulations created by Dankner in the past few weeks and even more forcibly since IDB's creditors decided to end the Dankner era at the company and its stranglehold on the Israeli capital market."
Ben-Moshe reiterated that Eduardo Elsztain and his Dolphin consortium will continue to provide full disclosure to any questions asked by the proper authorities in Israel, and that he would put IDB Holding Corp. Ltd. (TASE:IDBH) on a new road, instead of the "milking of the companies' money to finance Dankner's adventures."
Ben-Moshe said that, in the next two years, no dividends would be distributed by IDB, if he and Elsztain took over the company. "I intend to provide professional management which distinguishes between the needs of the different companies and the interests of the controlling shareholder, instead of the collateralized cross-interests used as insurance policies for Dankner's huge personal debts.
"Instead of monopolistic conduct, we will implement a growth strategy based on competition in IDB's subsidiaries that will create value for the bondholders, shareholders, employees, and Israeli customer."
Published by Globes [online], Israel business news - www.globes-online.com - on December 11, 2013
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