Ron has requested that the bank declare him free of debts, and free of obligations regarding Natan Schwartz’s loans.
Businessman Yuval Ran claims that Bank Mizrachi general manager Victor Medina, credit manager Shmuel Mesenberg, and senior bank officials, forced him under threat to take out personal loans, which were then transferred to public company Navigator Investments. He claims they also forced him to sign a personal guarantee on an identical loan to Natan Schwartz, a party at interest at Navigator, for the same purpose.
Yuval Ran today filed a request at the Tel Aviv District Court for a declaratory judgment according to which he does not owe Bank Mizrachi any amount on his own account, or as guarantor for Natan Schwartz.
Ron, a party at interest at Navigator Investments, and at Israel Credit Lines, claims that towards the end of 1995, the Navigator account at Bank Mizrachi was NIS 6.6 million in the red. Ron claims that he was invited to the Bank, as was Schwartz, and requested to take out a personal loan to cover half of the Navigator debt, and to sign a guarantee on an identical loan to Schwartz for the same purpose.
Ran claims that when he refused, the bank officials - including Medina and Mesenberg - threatened to call in his loans and to sabotage Israel Credit Lines which was vulnerable at that time. This would have caused him large losses.