FadeTheButcher
07-21-2004, 08:09 AM
http://www.globes.co.il/serveen/globes/docview.asp?did=816180&fid=942
The diamond dealer is suspected of criminal activities in Belgium. The income tax commission favored the transfer of funds, slated for investment in Israel.
http://www.globes.co.il/serveen/images/pixel.gifYoav Yitzhak http://www.globes.co.il/serveen/images/pixel.gifBelgian authorities have begun investigating suspicions that a foreign national residing in Belgium, a diamond dealer from the Laniado family, received an extraordinary permit to transfer $20 million into Israel. Suspicions are that the Israeli tax authorities essentially allowed money to be laundered for the purposes of investment in Israel.
The Belgian authorities claim that the money was laundered in a suspicious manner. Permission was granted to the Laniado family member before the Passover holiday, after he received the go-ahead from high-ranking officials at the Ministry of Finance income and property tax division, headed at the time by Income Tax Commissioner Tali Yaron-Aldar. The reason given for the transfer of funds was that the party in question was a Jew, a non-citizen of the State of Israel, who wished to bring a large amount of money to Israel, of which the $20 million in question was only the first part.
The Belgian tax authorities have reportedly asked Israel for an explanation. The diamond dealer is suspected of criminal activities in Belgium, and a comprehensive investigation of his business is underway, including the current affair. The Israeli tax authorities have been in touch with their Belgian counterparts and are handling the matter quietly. Information obtained by "Globes" has revealed that Israel Money Laundering Prohibition Authority was asked to ratify the transfer of funds, without being aware of the parties involved, so that the Money Laundering Authority was not able to examine the propriety of the transfer. "Globes" has also learned that some professionals at the income tax authority objected to granting the permit, but that Yaron-Aldar ruled in favor of the transfer, using article 16-A of the Income Tax Ordinance as justification.
The diamond dealer is suspected of criminal activities in Belgium. The income tax commission favored the transfer of funds, slated for investment in Israel.
http://www.globes.co.il/serveen/images/pixel.gifYoav Yitzhak http://www.globes.co.il/serveen/images/pixel.gifBelgian authorities have begun investigating suspicions that a foreign national residing in Belgium, a diamond dealer from the Laniado family, received an extraordinary permit to transfer $20 million into Israel. Suspicions are that the Israeli tax authorities essentially allowed money to be laundered for the purposes of investment in Israel.
The Belgian authorities claim that the money was laundered in a suspicious manner. Permission was granted to the Laniado family member before the Passover holiday, after he received the go-ahead from high-ranking officials at the Ministry of Finance income and property tax division, headed at the time by Income Tax Commissioner Tali Yaron-Aldar. The reason given for the transfer of funds was that the party in question was a Jew, a non-citizen of the State of Israel, who wished to bring a large amount of money to Israel, of which the $20 million in question was only the first part.
The Belgian tax authorities have reportedly asked Israel for an explanation. The diamond dealer is suspected of criminal activities in Belgium, and a comprehensive investigation of his business is underway, including the current affair. The Israeli tax authorities have been in touch with their Belgian counterparts and are handling the matter quietly. Information obtained by "Globes" has revealed that Israel Money Laundering Prohibition Authority was asked to ratify the transfer of funds, without being aware of the parties involved, so that the Money Laundering Authority was not able to examine the propriety of the transfer. "Globes" has also learned that some professionals at the income tax authority objected to granting the permit, but that Yaron-Aldar ruled in favor of the transfer, using article 16-A of the Income Tax Ordinance as justification.