In a sweeping operation conducted by the Tel Aviv District Police’s central unit, five individuals were arrested Monday—including a resident of Bnei Brak and a member of a known crime syndicate—on suspicion of serious financial crimes. The allegations include large-scale money laundering, conspiracy to commit a felony, operating illegal gambling businesses, income tax violations, and running an unlicensed financial services operation.
According to police, the investigation was carried out by the unit’s Morality Division in collaboration with the Tel Aviv District Attorney’s Office (Criminal Division), the Investigation Division of the Insolvency and Economic Rehabilitation Commissioner, and the Israel Tax Authority’s Diamond Unit.
Authorities suspect that the group, which included several family members, operated an unlicensed financial services business in Ramat Gan. Through this business, they allegedly laundered tens of millions of shekels for various clients, including criminal elements, over an extended period of time.
As first reported by Mako, the suspects also allegedly ran illegal casinos in the heart of Bnei Brak, generating enormous sums of money. A senior police source told Mako, “They’re exploiting Bnei Brak’s image as a religious city under the assumption that no one would suspect them, but the casino operating there was bringing in tens of millions of shekels each month.”
Monday’s arrests included a member of a well-known organized crime network, who allegedly played a central role in the money laundering operation and in collecting debts in the gray market. The Bnei Brak resident who was arrested reportedly had large sums of cash stored in his home.
During the raid, police confiscated approximately 300,000 shekels in cash, six luxury vehicles, and ten real estate properties valued in the tens of millions of shekels. Several bank accounts belonging to individuals and companies were also frozen pending forfeiture proceedings.
The suspects, ranging in age from their 30s to their 60s and residents of Bnei Brak and Ramat Gan, were taken in for questioning by Tel Aviv’s central investigative unit. They are expected to be brought before the Tel Aviv Magistrate’s Court on Tuesday for a remand hearing.

{Matzav.com Israel}