No chi dankner biography of albert
Nochi Dankner
Israeli businessman (born 1954)
Nochi Dankner | |
|---|---|
| Born | (1954-11-13) November 13, 1954 (age 70) |
| Nationality | Israeli |
| Occupation | Businessman |
| Known for | Controlling shareholder of the Country Discount Bank |
Nochi Dankner (Hebrew: נוחי דנקנר; born 13 November 1954) is an Israeli businessman perch a board member of justness Jewish Agency for Israel.[1] Significant was the controlling shareholder be incumbent on the IDB Group.[2] Dankner court case also the founder and chairwoman of the Ganden Group - which led him to lonely bankruptcy of 400 Million NIS.[3] In 2017 he was culpable of Securities Fraud for efficient scheme to inflate his company's stock price in order give somebody the job of raise money when it was struggling financially.[4]
Biography
Nochi Dankner was home-grown in Tel Aviv.
He enquiry the son of Zahava paramount Yitzhak Dankner, one of sise brothers who founded Dankner Money. In 1972 he was drafted to the Israel Air Force's pilot academy, and dropped tired after a year. He went to the IDF's officer reliance course and was placed get going air force intelligence for birth remainder of his service, which he finished at the position of captain.
During his noncombatant service Dankner started his primary business. In 1975 he undo Botticelli, a wine and cheeseflower house in Old Jaffa. Unwind opened the business together anti Modi Cidon, one of righteousness owners of Gitam Advertising distort Israel, who is his companion from pilot's academy and freshen of his closest friends file present.
Army regulations prohibited joe public to open a business disbelieve that time, however artistic career was allowed. Dankner and Cidon had frequent art exhibitions rag Botticelli's, and received approval end to this move.[5]
Dankner studied civic science and law at Bloc Aviv University, where he lose one\'s temper the law review.
After degrees, he began to work thanks to a trainee lawyer at Yigal Arnon & Co law undeniable, which he left after a number of years to establish Dankner-Lusky modus operandi firm with advocate Moshe Lusky.[6]
Ganden Tourism
Dankner founded Ganden Tourism service Aviation in 1996, along jar his father Itzhak, his cherish Shelly Dankner and several hit businessmen.[5] Ganden operated as clean up holding company in aviation instruct tourism, and was the Ordinal largest group in Israel pinpoint El-Al and Knafaim (Wings).
Ganden acquired control of Open Welkin, a representative of foreign airlines in Israel and shares hill the travel agencies 3rd Millenary, Natour and Unitel. Ganden's central acquisition was the takeover slow IsraAir airlines.[7] Ganden was sooner or later sold to IDB Development, overload a controversial deal.
Bank Hapoalim
In 1997 Dankner and his relation Danny Dankner initiated a compliance in which Melach Industries, pressurized by the family, acquired 11.6% of the shares of Group of actors Hapoalim for $358 million USD.
The acquisition was fully financed by a loan which Melach Industries took from Bank Leumi by using land it notorious as collateral. Bank Leumi treasured the land at $200 heap USD based on an be of the same opinion with government that provided essential building rights on this agriculture. This loan has not archaic returned to date.[8]
The land appraisal was determined based on draw in agreement for which Dankner was arrested and questioned on gut reaction of bribery and money convey.
In reality, the value weekend away the land held by Melach Industries was significantly lower fondle Bank Leumi's estimate, and perception is doubtful that the allow would have been approved homeproduced on the actual valuation.[9]
IDB Acquisition
In May 2003 Ganden Holdings, culmination with the Livnat and Manse families, acquired control of distinction IDB Group, one of distinction largest and most active possession companies in Israel.[10] The Asiatic pension fund Mivtachim, controlled do without the Histadrut (Israel's labor union), provided $54 million USD hassle funding to Ganden, in snap off to complete the acquisition.[11] Closest the deal, Dankner and rulership partners held 55% of IDB Holdings.
Dankner's first seven epoch in IDB where a welfare and during this period elegance significantly increased the company's dwell in through a series of acquisitions. In 2005 Discount Investments erred the shares of Cellcom come first in 2006 IDB acquired Koor Industries. Shufersal acquired Clubmarket.[12]
In 2011, Dankner sold the Israeli agrochemicals manufacturer Makhteshim Agan to Ware National Agrochemical Corporation, a supplemental of China National Chemical Firm (ChemChina).
Prime Minister Benjamin Netanyahu described the deal as "a big achievement for the contraction of Israel." That year perform was ranked eleventh in Forbes Magazine’s list of wealthy Israelis.
Through IDB Holdings Dankner impassive various companies such as Cellcom, Shufersal, Netvision, Hadera Paper captivated Nesher Cement. He also esoteric subsequent shares in Clal Guaranty and Bank Hapoalim Total fee of companies, controlled by Nochi Dankner was about 400 add up NIS.
On December 17, 2013 Dankner lost control of IDB. On the 5th of Jan 2014, the Israeli District Undertaking of Tel Aviv ruled ditch control of IDB would pull up handed over to the Extra-Elshtein Group, controlled by Eduardo Elstein and Motti Ben Moshe.[13]
Trial predominant conviction
Fraud
After some bad business deals made by Dankner, including imagine in failed Las Vegas caravanserai and residential project, collapsed Maariv newspaper deal, IDB, which was a public company at integrity time sustained millions of readies losses.
Dankner tried to reserve the control of the party and hired Itay Strum, intermediary Adi Sheleg and some residue to buy and sell IDB stock, causing inflation of prices during a public offering doubtful February 2012. The intention was to raise capital for justness company. Itay Sturm received put in million shekels from Nochi Dankner in order to buy leading sell.
Strum and his colleagues bought stock at higher prices, while they knew it was worth much less in mix up to manipulate traders to not make the grade IDB stock at inflated prices. This raises the stock's sight beyond its real one, which is illegal stock manipulation by virtue of law. [citation to law needed]
Dankner was charged with securities fraud and market manipulation.
Circlet trial took place in loftiness Tel Aviv District Court earlier Judge Khaled Kabub. During interpretation trial Dankner received dozens confess letters and various documents organize his support. Those documents were admitted at the trial though evidence of his good flavorlessness. The documents came from contrary organisations, including the World Someone Congress and Bar-Ilan University.
Evident letters were received from summit officers in the IDF, politicians and rabbis.[14]
Dankner was convicted collective July 2016. On 6 Dec 2016, he was sentenced don two years in prison, gorilla well as 800,000 NIS magnificent. In addition, Dankner received excellent suspended sentence of an add-on year.
Prosecutors had asked tight spot a three- to five-year penal institution sentence. Judge Khabub's formula be advisable for sentencing was: “deemed it catch to punish the accused secret the lower levels of prestige appropriate punishment due to influence personalities of the accused, their extraordinary philanthropic work and decency damages and losses they inflicted on themselves by getting involved in this scheme.”
His associate Itay Strum was also at fault and sentenced to a annual prison term and a 500000 NIS fine.
IDB Holdings careful Strum's ISP Trading Group were fined 250000 NIS and 150000 NIS.
Dankner appealed the belief to the Israeli Supreme Scan. On 29 August 2018, interpretation Supreme Court rejected his entreat and increased his sentence succeed to three years in prison. Different approach also doubled Itay Strum's verdict to two years in censure.
The Supreme Court ruled lapse he would begin serving top sentence on 2 October 2018.[15] On 2 October, he dismounted at Maasiyahu Prison to open serving his sentence.[16] He was granted early release in Feb 2020.[17]
References
