Regulator slams abuse by controlling shareholders

Shmuel Hauser, photo: Eyal Yitzhar
Shmuel Hauser, photo: Eyal Yitzhar

We do not go easier on celebrities said ISA chairman Shmuel Hauser when speaking about the investigation of Bezeq.

Israel Securities Association (ISA) chairman Shmuel Hauser has responded to the ongoing investigation into suspected criminal irregularities at Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ). He said, "We do not go easier on celebrities either in enforcement or treatment. We go easy on regulation where possible and we enforce the law when we need to. It always disappoints us to find that controlling shareholders in public companies forget that the shareholders in the public are their partners."

Yesterday, the ISA raided the offices of Bezeq and its satellite TV unit Yes with Bezeq controlling shareholder Shaul Elovitch and Yes CEO Ron Eilon among those questioned. The ISA suspects offenses related to Securities Law and criminal law regarding party-at-interest transactions between Elovitch's Eurocom group and Bezeq itself and the merger of Yes into Bezeq. Issues revealed by "Globes."

Published by Globes [online], Israel business news - www.globes-online.com - on June 21, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

Shmuel Hauser, photo: Eyal Yitzhar
Shmuel Hauser, photo: Eyal Yitzhar
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