44 Months in Prison for Business Owner Convicted of Tax Fraud

The Ramle Magistrate's Court sentenced Avner Alok, owner of Sagiv Fire Protection Technologies Ltd, to 44 months in prison and a fine of 100,000 shekels after convicting him of tax fraud amounting to millions of shekels. This was reported by Globes and JDN.

According to the reports, Alok was convicted of unlawfully deducting input tax amounting to approximately 5.75 million shekels between 2012 and 2015 by incorporating 139 fictitious invoices received from five different companies into the firm's reports.

The indictment further alleged that Alok attempted to conceal his involvement in the offenses by appointing various individuals to managerial positions in the company. Further details have not yet been released.