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.

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