JERUSALEM Nov 27 Nochi Dankner, the chairman of
Israeli conglomerate IDB Group, has been questioned by the
country's financial markets regulator on suspicion of securities
fraud, IDB said on Tuesday.
"The chairman of the company yesterday was questioned and
released under restrictive conditions under suspicion of
securities fraud and other offences related to the issue of
shares and warrants carried out by the company on Feb. 23,
2012," IDB said in a statement to the Tel Aviv Stock Exchange.
It did not provide further details.
In February, IDB sold 321 million shekels ($83 million) of
shares and warrants, including 62 million shekels worth to
controlling and major shareholders.
Dankner in a separate statement said he respected the
investigation and had full trust in the regulator, Israel's
Securities Authority (ISA).
"I am confident it will quickly become clear that all my
actions on every matter were and always are legal," he said.
IDB is one of Israel's largest holding companies and its
various units hold key stakes in Cellcom, Israel's
largest mobile phone operator, Super-Sol, the country's
biggest supermarket chain, and real estate developer Property &
Its Koor Industries subsidiary owns 2.4 percent of
Credit Suisse and 40 percent of MA Industries, the
world's biggest maker of generic crop protection products.
($1 = 3.85 shekels)
(Reporting by Steven Scheer; Editing by Mark Potter)