Adv. Hanna Korin of Israel's State Attorney's office today asked Tel Aviv District Court Judge Khaled Kabub to sentence former IDB Group controlling shareholder Nochi Dankner to 3-5 years in prison. She asked for a 2.5 year to 4.5 year prison sentence for financier Itay Strum. In July, Dankner and Strum were found guilty of securities fraud. The charge was that Dankner used Strum to influence the share price of IDB Holding fraudulently, in order to improve the chances of success of an offering the company made in February 2012. Dankner paid Strum NIS 8 million. RELATED ARTICLES Nochi Dankner, Itay Strum guilty of securities fraud Nochi Dankner signs debt settlement with banks Korin described Dankner as the man who formerly controlled the Israeli economy's most major holding company and she said that by manipulating the company's shares, he had severely harmed the capital market. Published by Globes [online], Israel business news - www.globes-online.com - on October 30, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
