Dankner Proposing New Deal as Auditors for IDB Dev. Slap 'Going Concern’ Warning

IDB Development is carrying NIS 4 billion of bondholder debt and owes another NIS 1.9 billion to banks.

Nochi Dankner, the controlling shareholder of the indebted IDB group, suffered two blows this week as his IDB Development company received a “going concern” warning from its auditors, while Bank Leumi called in some NIS 450 million in loans in his Ganden Holdings.