The police and tax authority inspectors raided the houses of criminals following information that they hide cash and gold inside the walls of their houses in order to launder capital: “When they need the money, they open the ATMs and take cash to finance criminal organizations or their businesses or to purchase luxury vehicles and smuggle money occur”.
Criminals from the north of the country recently set up secret ATMs for them inside the walls of the houses, usually in the living room area, in order to hide income of millions of shekels from the Tax Authority and the Israel Police in order to launder money.
The police investigators in the Menashe region and the Zichron Ya’akov police station received information in recent weeks about the thriving activity of the “ATMs” in which a lot of gold purchased with cash is hidden. According to the police, some of the suspects are change owners who are suspected of operating them from home to work in the “black market”, without declaring the income.
“They build the ATMs inside the walls of the houses to hide their income, mostly from illegal businesses,” claims a police officer. “When they need the money, they open the ATMs to finance criminal organizations or their businesses or to purchase luxury vehicles and smuggle money abroad.”
In the raids conducted by the police detectives together with the Tax Authority and Coast Guard soldiers, millions of shekels in cash, gold, tens of thousands of dollars and checks that were not deposited were seized in several localities. The detectives found a large part of the money in the walls that were meant to hide it.
“They were surprised that we knew exactly where they were hiding their funds,” said a police source. Millions of shekels were confiscated and so was the gold. The police and the tax authority will ask the courts to confiscate them for the benefit of the state treasury.
September 20, 2022 Published by MAKO News.