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The Competitors Authority’s investigation of alleged worth fixing in Israel’s meals and retailing industries is changing into wider. Rami Levy, the proprietor and CEO of grocery store chain Rami Levy Chain Shops Hashikma Advertising 2006 Ltd. (TASE: RMLI) got here to the Competitors Authority’s offfices this morning. It stays unclear if he was giving proof or questioned below warning.
It was earlier reported that Israeli importer Diplomat Holdings Ltd. (TASE: DIPL) notified the Tel Aviv Inventory Trade (TASE) that, “On November 9, CEO and controlling shareholder Noam Weiman was questioned on suspicion of committing alleged violations of the Financial Competitors Legislation 1988. On the finish of the questioning no restrictions or situations have been positioned on Mr. Weiman.”
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Competitors Authority raids Shufersal, Strauss places of work
The assertion added, “The corporate believes that when the info develop into clear, it would emerge that the conduct of Mr. Weiman and the corporate have been with out blemish.”
At first it was thought that Weiman was solely giving proof however it’s now obvious that he was questioned below warning.
Diplomat is considered one of Israel’s largest importers and distributors of meals and client items merchandise together with such worldwide manufacturers as Heinz, Milka, Mars, Jacobs espresso, Pringles, Starkist tuna, Kellogg’s, Purple Bull, Past Meat and far more.
The Israel Competitors Authority investigation of Diplomat follows yesterday’s raids on the places of work of Israel’s largest grocery store chain Shufersal Ltd. (TASE:SAE) and meals producer Strauss Group Ltd. (TASE:STRS). Shufersal CEO Itzik Abercohen was amongst senior executives questioned. Victory Grocery store Chain Ltd. (TASE: VCTR) founder and CEO Eyal Ravid additionally gave proof to the investigation.
Victory mentioned in a press release this morning: “The corporate believes that the investigation can have no impact on its exercise or that of its CEO.”
Many extra executives are anticipated to be questioned within the investigation within the coming days.
Presumption of innocence: These below investigation are solely suspects and have the correct to be presumed harmless.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 10, 2021.
© Copyright of Globes Writer Itonut (1983) Ltd., 2021.
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