An Israeli businessman was shot and killed on Friday morning in what police suspect is a criminally motivated murder.
An initial investigation found that a motorcyclist was waiting for real estate developer Eldad Peri in the parking lot outside a farm in the central city of Rehovot.
Police believe that the murder is linked to debts Peri had accumulated in the black market, however he had never filed a complaint.
Peri, 44, who had accrued debts and was unable to repay his clients, was in the process of declaring bankruptcy by order of the court.
According to eyewitnesses the shooter approached Peri, presumably to confirm his identity, while he was on his way to morning prayer at a nearby synagogue. He then shot Peri several times at close range and fled.
Peri was pronounced dead after unsuccessful attempts to resuscitate him.
The owner of Peri Real Estate became known around a decade ago as a manager of several purchasing groups that handle construction projects – a business model that has become common in recent years.
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His company grew substantially, accumulating thousands of buyers and hundreds of housing units.
However, several of Peri's projects were put on hold this past year, amid claims from clients that he embezzled millions of shekels from them, collected down payments on apartments that were already pledged to others, and deposited money in the company account instead of the required trust fund account.