Goldmining in Ethiopia: Businessman arrested in probe into alleged NIS 200 million fraud...

The Israel Securities Authority has initiated a criminal investigation into Haim Leib Kaplan, a businessman in the haredi community, regarding an alleged fundraising scheme amounting to NIS 200 million. The probe raises concerns about potential fraud linked to goldmining operations in Ethiopia.

Kaplan's activities are under scrutiny as authorities assess the legitimacy of his fundraising efforts. This investigation underscores the ongoing challenges in ensuring financial compliance and safeguarding against fraudulent schemes within international business ventures.