ISA probing Psagot chair Rani Zim, CEO Yaniv Bender
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The organization officers who are becoming investigated on suspicion of working with inside of data at Team Psagot for Finance and Investments (TASE: GPST) are chairperson Rani Zim and CEO Yaniv Bender. Yesterday, the investment decision property described that Israel Securities Authority investigators had carried out a lookup at its workplaces as component of an investigation into suspicions of use of within info. Psagot also stated that, as considerably as it was informed, there ended up no suspicions about the financial investment property itself.




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Shares in Psagot fell by 7.62% yesterday, cutting its market cap to NIS 230 million. The share rate is down by a more 1% this early morning. Zim owns 61.5% of the business and Bender 10%. Zim acquired control of Psagot from Altshuler Shaham in May possibly 2021 for NIS 405 million.

Adv. Eran Shaham-Shavit, of law organization Balter Guth Aloni & Co., who is the lawyer representing the organization officers at Psagot, mentioned on their behalf: “To the ideal of our comprehending, the investigation issues occasions in the previous that have nothing to do with the business enterprise of expenditure dwelling Psagot. All transactions in securities by my customers were being carried out lawfully and with distinct authorized information. Appropriately, we are absolutely sure that, when the investigating authority concludes its assessment, it will come to be very clear that my clientele have acted lawfully and irreproachably. I would increase that the officers cooperated with the investigation, and ended up released to their homes right after questioning with no restrictions placed on them in relation to their roles in the community company.”

Rani Zim and Yaniv Bender are suspects only, have not been convicted of any crime, and are entitled to the presumption of innocence.

Published by Globes, Israel business news – en.globes.co.il – on January 12, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.


