After a long undercover operation, detectives from the Central Fraud Unit in the Central District Police, along with a contingent of Border Police and representatives of the Israel Tax Authority, raided the offices of a car fleet management company at Glilot as well as the homes of a number of crime figures in the central plain and Sharon regions.
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Authorities suspect that the company in quest has committed financial crimes that tally up to approximately half a billion shekels ($162 million).
The owners of the company, residents of Savyon and Herzliya, were detained for questioning on suspicion of money laundering and extending credit without a license.
The investigation was opened after several other investigations led to a suspicion that criminals were using the company's cars to avoid taxes through fictitious "payments."
The company is also suspected of operating as a pirate bank.
