Eli Reifman may be doing hard time instead of handing over his shares in Emblaze, the cellular group he founded. He knows exactly how to transfer the shares but can't do it from prison, said Reifman, now in the third week of his 45-day sentence for contempt of court.
Tel Aviv District Court Judge Varda Alshech had tossed him in jail after he failed to execute a July court ruling to give his shares in Emblaze to Eitan Erez, the special manager liquidating his assets. Reifman lost his appeal to the Supreme Court against his imprisonment and is now appealing that verdict.
From prison, however, he can't possibly move the shares, Reifman told the Supreme Court yesterday in a hearing on his appeal against his incarceration. His case is now being heard by three justices. "If you think that putting me in jail is an incentive to transfer the shares, you stay there three days. I'd be prepared to print shares on toilet paper to get out of there," he told the justices yesterday.
He claims the shares had been bought through secret deals, and were held in complex structures in order to hide them from enemies. The shares couldn't possibly be moved by a phone call from a cell, he said.
Their decision will be handed down today.
