The Tel Aviv Magistrates Court today imposed restrictive conditions on the main suspects in the Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ)-Elovitch affair.
Bezeq chairman and controlling shareholder Shaul Elovitch was barred from the offices of Eurocom Group and Bezeq until this Friday, but was not placed under house arrest. His passport was deposited with the Israel Securities Authority, he was ordered not to travel abroad for a given time, and he will have to post a NIS 5 million bank guarantee.
Yes CEO Ron Eilon is under house arrest until June 23. He was allowed to leave for prearranged meetings in his lawyers' offices. He was forbidden to contact any of the other suspects in the affair, and was denied any access to computer information concerning Yes. His passport was deposited with the Securities Authority for 180 days, and a restraining order was issued barring him from leaving the country for the same period was issued. He was required to post a NIS 1.5 million bank guarantee.
Yes CFO Michael Neumann will be under house arrest until June 23. He was allowed to leave for prearranged meetings in his lawyers' offices, and the same restrictions imposed on Eilon also apply to him.
Following the hearing, Elovitch's lawyers, Advocates Jack Chen and Michal Ozer-Rosen, said, "Shaul Elovitch is cooperating fully with the authorities, and provided them with all the information they requested. We believe that when the authorities fully examine the suspicions, they will reach the unequivocal conclusion that Elovitch's conduct was impeccable. We naturally are unable to make any further comment on the particulars of the investigation."
Published by Globes [online], Israel Business News - www.globes-online.com - on June 21, 2017
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