Real estate developer Inbal Or, who is suspected of tax fraud, money laundering, and systematic defrauding dozens of customers, has appointed a new lawyer, Adv. Adi Carmeli to replace Adv. Reuven Bilet, who resigned. He was the 10th lawyer to leave Or in recent weeks.
Through Carmeli, Or is now alleging that "new evidence" shows that embezzlement of money from her company, Or City Real Estate, negatively affected its cash flow.
Or's new allegations follow as yet unconfirmed rumors that a former Or City employee is likely to turn state's evidence in her case.
Or sent the Israel Police a letter asserting in general that she had obtained "new evidence." She did not say what the evidence was, but added that things would soon become clear.
Judging by Or's previous stated commitments (to financing the costs of her company's stay of proceedings, and to hundreds of people who believed that they had purchased apartments from her), it is likely that this allegation will prove unfounded.
Adv. Hayut Greenberg, who represents the Or City employees, said, "The employees regret the baseless slander used by Inbal Or. I regret that Inbal is not taking any responsibility for her actions and behavior, and is instead slinging filth at everyone around her. No such embezzlement took place. All of the company employees are honest and excellent, and have performed their duties in exemplary fashion in accordance with Inbal's instructions, with great loyalty and honesty."
"An 11-year fraud? Not realistic"
In a Galei Tzahal (Army Radio) interview today with Niv Raskin, Carmeli said, "Documents have accumulated showing that millions have been embezzled at Or City. We will pass them on to the policy. This is well-established and documented. A policy investigation is needed here. The idea that any business committed fraud for 11 years is nor realistic. The embezzlement took place over the past two years. The money was taken out of the company without Inbal Or's knowledge. Inbal's business actions are beyond reproach, and certainly involve no crime."
Adv. Carmeli hinted that the money received from customers, including NIS 100,000 in down payments, "was not recorded, reported, or otherwise recorded." At the end of the interview, he promised, "A week from now, things will look differently than they look right now."
Published by Globes [online], Israel business news - www.globes-online.com - on April 10, 2016
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