Grocery store chain M. Yochananof & Sons. 1998 Ltd. (TASE: YHNF) CEO Eitan Yochananof has develop into the newest Israeli senior government to be questioned by the Israel Competitors Authority on suspected value fixing. Final week the Israel Competitors Authority questioned high officers on the matter from Shufersal, Victory, Diplomat, Unilever and Rami Levy.
Yochananof notified the Tel Aviv Inventory Alternate (TASE) at present, “The corporate pronounces that Mr. Eitan Yochananof, one of many controlling shareholders, CEO and a director of the corporate has informed it that he was summoned for questioning on the places of work of the Israel Competitors Authority. On the time of this report the corporate has little extra particulars of the aforementioned.”
The affair started on November 9 when the Israel Competitors Authority raided the places of work of Shufersal and Strauss and seized computer systems and paperwork with each firm’s CEOs questioned.
On the coronary heart of the investigation are allegations that corporations colluded over costs by ‘indicators’ given throughout media interviews and in monetary stories. What a lot of these questioned have in widespread is that they hinted that costs are set to rise or introduced that they’d increase costs.
The Israel Competitors Authority stated final week, “The Israel Competitors Authority has opened an investigation and is analyzing suspicions about violations of the Competitors Regulation by numerous suppliers and chains following occasions that came about not too long ago. Because the investigation is in its preliminary levels, no extra particulars might be supplied at this juncture.”
Presumption of innocence: These beneath investigation are solely suspects and have been charged with no offense and so have the best of the presumption of innocence.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 16, 2021.
© Copyright of Globes Writer Itonut (1983) Ltd., 2021.