According to Dvash, "The IDE management will show zero tolerance towards people causing harm to other IDE members." Since the affair came to light, the main suspect has been remanded in custody several times.
IDE President Yoram, said today (Wednesday) following the discovery of an alleged massive embezzlement by an IDE member that the exchange will have zero tolerance towards people causing harm to other IDE members.
"The diamond sector has been experiencing difficulties in recent years and unfortunately we are seeing cases like this where there is exploitation of IDE members by other members." After the incident last week, the President spoke with Tel Aviv District Police Commander, Chico Edri, asking him to open a criminal investigation against those involved which the police then did.
Exchange member Hanan Abramovich is suspected of fraudulently acquiring tens of millions of dollars of diamonds.
The police arrested Hanan Abramovich and his son Tom, and have extended custody of the father four times. The police raided Abramovich's house and are investigating suspicions that he used his family to smuggle goods out.
A search conducted by the police in a safe in Abramovich's office found diamonds worth $80,000. In addition to the fraud, Abramovich is also suspected of violating the law on money laundering.
IDE Director-General Eli Avidar said that Abramovich planned the fraud over a long period of time and took advantage of the time that elapsed after going into "financial difficulties" in order to conceal money and diamonds that were in his possession.
"This is a serious case in which a diamantaire took advantage of the credit given to him by several companies. The exchange won't look the other way when someone causes harm to its members. We went to police because it has the ability and power to get to the money and diamonds, and we are convinced that he kept them for use in the future."
