Emblaze Ltd. (LSE: BLZ) founder Eli Reifman was indicted today in Tel Aviv district court. The indictment was reported on IDF Radio (Galei Zahal).
Reifman was indicted on charges of receiving an item through fraud, and forging documents, in order to receive a $6 million loan.
Prosecutors sought to extend his remand.
During the proceedings, Reifman told the court "I am not worried. I did not forge and did not defraud."
Published by Globes [online], Israel business news - www.globes-online.com - on December 31, 2009
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