NIS 90 Million of Menora Executives Frozen: The Suspicions and Developments in the Histadrut Corruption Affair
The Histadrut corruption affair that erupted eight months ago is expanding, with the police announcement of freezing accounts of the Menora Mivtachim company and its leaders — including group CEO Ari Kalman, insurance company CEO…
Assessment
The freezing of Menora Mivtachim accounts marks a major escalation in the Histadrut corruption probe, directly implicating the company's top leadership. The stock drop signals market concern about both legal liabilities and reputational damage. Watch for potential criminal charges and whether the investigation widens to other corporate partners.