Ex-Mizrahi Banker Said to Be Indicted in Tax Fraud Case

Former Mizrahi Tefahot Bank Ltd. senior vice president Shokrollah Baravarian was indicted for helping U.S. customers conceal their assets from the Internal Revenue Service through undeclared accounts, two people familiar with the matter said.

Baravarian of Beverly Hills, California, was an employee of the Israeli bank, said the people, who asked not to be named because the bank wasn’t identified by prosecutors. The bank wasn’t named as a defendant in the indictment filed yesterday in federal court in Los Angeles, which referred to “Bank A.”