Five companies were convicted, among other things, of fraud under aggravated circumstances • Or City was also convicted of false registration due to private purchases for Orr's needs - including apartment financing
Inbal Or
Photo:
Joshua Joseph - Archive
The Tel Aviv Magistrate's Court today (Monday) sentenced five companies that were under the control of Inbal Or.
This is after he convicted them as part of a plea deal in violations of the VAT Law, the Income Tax Ordinance and the Consumer Protection Law, along with fraud in aggravated circumstances towards customers.
In the sentence, the court accepted the agreement between the parties, according to which, alongside the conviction, a symbolic fine of NIS 1,000 will be imposed on each of the companies.
According to the indictment in which the companies confessed, the acts that led to the commission of their offenses were committed through Inbal Or, who served as principal in each of them.
All convicted companies are in liquidation proceedings.
According to the indictment, between the years 2016-2008, Or operated in the real estate market through a group of companies under its control and management: Or City Real Estate Ltd., Merom City Ltd., Greeny City Ltd., Or in Congress Ltd. and Metzitzim Real Real Estate Ltd.
Inbal Or's trial opens // Archive photo: Shmuel Buharis
The companies, managed by Or, did not issue invoices or report to VAT on some of the transactions they carried out in eight residential projects in which they organized purchasing groups, the total amount of which was about NIS 81 million, and the resulting VAT is about NIS 11.5 million.
Merom City Real Estate has also been charged and convicted of committing fraud against customers in one of the projects in which it organized, together with Inbal Or, a purchasing group.
In addition, Or City Real Estate was convicted of offenses under the VAT Law and the Income Tax Ordinance for private purchases of products for Orr's private needs, such as clothing, bags, jewelry and more, in the amount of NIS 900,000.
The Company has falsely recorded these expenses in the Company's books for the purposes of evading income tax and VAT.
Or City was also convicted of financing Inbal Or an apartment in the amount of NIS 2.7 million, as well as committing violations of the Consumer Protection Law, when in a wide variety of publications it issued an invitation to the public to purchase an apartment while concealing a material detail.
The court referred to the fact that the companies are in liquidation proceedings and considered several circumstances in this matter.
Accordingly, a symbolic fine was imposed on each of the convicted companies.
