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Last update - 09:51 29/01/2009 Ex-Mossad agent said among suspects in 420m pound fraud By Nimrod Halpern Tags: Mossad, Crime, Israel News The Spanish police announced Wednesday that they had arrested six people suspected of a £420 million fraud in a public company traded on the AIM exchange in London. No names were released, but the newspaper El Pais reported that among those arrested is a former Mossad agent, Avraham Hochman, whom the newspaper described as the one of the "brains" behind the fraud. The suspects are accused of false reporting and forging company documents, for the purpose of boosting the share price of Langbar, a Bermuda-registered company traded on the AIM. Langbar, formerly called Crown Corp., was a shell company on the AIM, floated in 2003 with reported assets of £202 million. Advertisement In July 2005, Langbar announced a number of financial transactions, including a deposit of £70 million in ABN Amro and Banco Di Brasil, causing its own share price to soar. After the firm's market cap doubled, some directors hurried to sell their shares at a hefty profit. The British police began an investigation of Langbar in 2005, and trade of its shares on the AIM was halted after the company was unable to prove that the deposits had indeed been made. Langbar explained that the company itself had fallen victim to a fraud. Related articles: Police arrest woman suspected of bilking money from charity that helps Sderot residents MK Lieberman's daughter, attorney held in money laundering probe Heftsiba's Yona convicted of litany of charges including fraud, theft Bookmark to del.icio.us   Calm before the storm Obama officials meet U.S. Jews to explain their Durban II policy. Apple of their eye Israel resumes its annual shipment of Golan apples to Syria.   1.   You are an Anti Semite for reporting this article 03:28  |  Jonh 29/01/09   2.   This story of Mossad crime was pulled? 19:47  |  Highlander 29/01/09   3.   hahah John what a ideological closed world u live in! 10:52  |  peter 04/02/09   4.   hamas 19:30  |  roger rabbit 18/02/09

Read & React IDF: Hamas seized unexploded ordnance fired during Gaza op Responses: 83 Ex-envoy: Netanyahu-Lieberman is 'bad combination' for U.S. Responses: 53 Obama officials meet U.S. Jews to explain their Durban II policy Responses: 42 Reuven Pedatzur: Israel must remind Iran what will happen if attacked Responses: 39 Israeli YouTube Hitler parody infuriates Holocaust survivors Responses: 17 Will Virgin Mary TV spoof jeopardize Pope visit to Israel? Responses: 29 More Headlines 18:11 Hamas: Israel stabbed Egypt in the back over Gaza truce 19:30 Peres receives official election results, still no clear winner 18:37 Likud: We'd be happy to have Yisrael Beiteinu in our coalition 18:46 Israeli YouTube Hitler parody infuriates Holocaust survivors 14:48 Kurtzer: Netanyahu-Lieberman is 'bad combination' for U.S. 19:25 Will Virgin Mary TV spoof jeopardize Pope visit to Israel? 17:14 IN PICTURES: Sudan refugees find love in Tel Aviv 18:54 Three dual-citizen MKs ordered to annul their foreign passports 14:55 WATCH: Bill Clinton says he's still hopeful for Mideast peace 13:21 Syria reportedly stepping up production of chemical weapons 17:31 Palestinian PM proposes direct aid to Gaza's needy, bypassing Hamas 09:45 IDF bombs seven Gaza tunnels, Hamas post; Qassam hits Negev 15:19 Year after declaring independence, Kosovo awaits Israeli recognition 14:40 Iran claims to have built drone with range of 1,000 km 08:42 Layoffs hit record high as 20,000 Israelis lose jobs in January Previous Editions Select Day 17 feb 16 feb 15 feb 13 feb 12 feb 11 feb 10 feb 09 feb 08 feb 06 feb 05 feb 04 feb

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