Nochi Dankner was transferred to Nitzan Detention Center; His request for early release will be re-examined

The former control of the IDB group was transferred to the detention center, which serves as a place for detainees, including prisoners serving their sentences. Dankner is serving a prison term for securities fraud as part of the "running" shares in the company. His request for early release will be re-examined following an incident that occurred in the prison

Nochi Dankner was transferred to Nitzan Detention Center; His request for early release will be re-examined

Dankner gets involved - all details:

• Businessman Nochi Dankner was transferred to Nitzan Detention Center
• Following an incident that occurred in prison, his request for early release will be re-examined
• He is serving a prison sentence for his part in the IDB Group Stock Execution

Businessman Nochi Dankner, a former controlling interest in the IDB group who runs a securities fraud jail, was transferred to Nitzan Detention Center on Wednesday. This detention center serves as a place for detention, including prisoners serving their sentences, and suspects of various offenses. Also, his request for early release will be re-examined following a specific incident that occurred in the prison.

Dankner was sentenced to three years in prison after being convicted of securities fraud in the "running" IDB shares. In addition, the capital market man with me Strum was sentenced to two years in prison under the affair. The two were sentenced by the Supreme Court in August 2018 after they appealed the sentence sentenced by the Tel Aviv District Court two years earlier. On the other hand, the State Attorney's Office appealed and sought to impose a more severe sentence on them - and this was accepted, in the decision of Justices David Mintz, Neil Handel and George Read.

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Transferred to isolation. Nochi Dankner (Photo: Reuven Castro)

Nochi Danker enters Ma'asiyahu Prison October 2, 2018 (Photo: Reuven Castro)

The ruling deals with the issuance of IDB shares in February 2012. Dankner and Strom acted so that Strum purchased through his company, ISP, a large amount of the shares offered to the public. This created an artificial demand that affected the share price. The company was able to raise NIS 321 million on the same offering, of which 62 million were purchased by controlling shareholders or stakeholders.

On October 2, Dankner began serving the prison sentence at Ma'asiyahu Prison in the VIP Division - Division 10 - which he inaugurated years ago, his cousin, Danny Dankner, who served a prison sentence with Ehud Olmert. Division 10, now known as Division 4, has contained quite a few famous prisoners over the years, including former Chief Rabbi Yona Metzger, singer Kobe Peretz and the convicts of the Holyland affair. At the same time, there are also a number of ordinary prisoners, usually prisoners convicted of traffic accidents or fraud.

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