A lawyer from Ramat Hasharon who was suspected of falsely claiming disability residency status to avoid paying NIS 450,000 in purchase property tax was released under restrictive conditions, the Rishon LeZion Magistrate’s Court confirmed earlier this month.
Rafael Yitzhak was detained by the Tax Authorities on June 15, after being suspected of offenses under Israel’s Real Estate Taxation Law, and was released the next morning under certain stipulations, including a NIS 250,000 personal bail bond, a lien on the property in question, and a disposal prohibition order registered in favor of the Tax Authority.
Yitzhak was released from the Rishon LeZion Magistrate’s Court with a NIS 250,000 bail, with the investigation still ongoing and being handled by the Central Investigation Assessor Unit.
About six months after Yitzhak purchased property in Ramat Hasharon in 2024 – for which he was…
PROCUREMENT & EXPENDITURE (STOPPING KICKBACKS)
Procurement fraud usually involves inflated invoices or “fictitious” vendors.
- The Three-Way Match: Never pay an invoice unless you have matched the Purchase Order (PO), the Delivery Note (signed), and the Supplier Invoice.
- Vendor Master File Review: Review your vendor list annually. Look for suppliers with the same bank details or physical addresses as your employees.
- Dual Authorization: Implement a “Two-to-Sign” rule for all EFT payments above a certain threshold (e.g., R5,000).
- No “Cashing” of Checks: If you still use physical checks, strictly prohibit “Cash” as a payee and store blank checks in a dual-lock safe.