Bank of Israel Checking Ofers’ Iran Connections, Army Radio Says

The Bank of Israel’s Supervisor of Banks is examining allegations that a shipping company owned by the Ofer family did business with Iran in violation of Israeli regulations, Army Radio said today.

If it is found that the Ofers violated the law they might be forced to sell their stake in Mizrahi Tefahot Bank Ltd., Army Radio said, without saying how it obtained the information.

Bank of Israel spokesman Yoav Soffer declined to comment on the report.

Click here for web link

To contact the editor responsible for this story: Calev Ben-David at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.