Menorah today notified the Tel Aviv Stock Exchange (TASE) that it has received the draft report of Barlev Investigative Auditing from the Ministry of Finance about the “special loans granted by Menorah to its policyholders without guarantees at the time of the loans, and the retroactive measures undertaken in the company’s policies”. The disclosures about the two affairs – the loans and the backdating – in the fourth quarter of 2009 resulted in the Ministry of Finance appointing an auditing team headed by Yehuda Barlev CPA...
Menorah executives knew of improper loans (globes)
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