Israeli Police Enter Homes of French Jews Suspected of Money Laundering

Residents of upscale Herzliya Pituah are suspected of evading France's tax authorities by buying luxury homes in Israel.

Yasmin Gueta
Jasmin Gueta
Send in e-mailSend in e-mail
Yasmin Gueta
Jasmin Gueta

Investigators from the Tax Authority and the police's anticorruption and economic crimes unit have entered luxury homes owned by French Jews suspected of tax evasion.

The move in Herzlyia Pituah last week followed a request by the French police, sent through Interpol, following an investigation by France's tax authorities. The French investigation led to suspicions that some French Jews had committed tax fraud and evasion in France involving massive sums. They are suspected of laundering the cash by buying luxury homes in Israel.

The operation was undertaken in accordance with a request for aid received as part of the cooperation between the Israel Police and law enforcement authorities abroad," the Israel Police said in a statement. "It was not part of an investigation conducted by the Israel Police.

In the third quarter of this year, prices of four-room homes in Tel Aviv reached an average NIS 2.66 million, 5% higher than in the previous three-month period and 6% higher than a year earlier - and beyond the reach of most home buyers. In Herzliya, prices rose 8% over the 12-month period to an average of NIS 1.93 million.

The Israeli authorities have long suspected that the rising real estate prices, for example in 2007, have been linked to Jews from abroad seeking tax havens.

Herzliya Pituah.Credit: Ofer Vaknin

Click the alert icon to follow topics:

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.

Subscribe today and save 40%

Already signed up? LOG IN

ICYMI

Trump and Netanyahu at the White House in Washington, in 2020.

Three Years Later, Israelis Find Out What Trump Really Thought of Netanyahu

German soldier.

The Rival Jewish Spies Who Almost Changed the Course of WWII

Rio. Not all Jewish men wear black hats.

What Does a Jew Look Like? The Brits Don't Seem to Know

Galon. “I’m coming to accomplish a specific mission: to increase Meretz’s strength and ensure that the party will not tread water around the electoral threshold. If Meretz will be large enough, it will be the basis for a Jewish-Arab partnership.” Daniel Tchetchik

'I Have No Illusions About Ending the Occupation, but the Government Needs the Left'

Soldiers using warfare devices made by the Israeli defense electronics company Elbit Systems.

Russia-Ukraine War Catapults Israeli Arms Industry to Global Stage

Flame and smoke rise during an Israeli air strike, amid Israel-Gaza fighting, in Gaza City August 6, 2022.

Israel Should End Gaza Operation Now, if It Can