Housing & Construction reported to the Tel Aviv Stock Exchange on Wednesday that local investigators had visited the offices of its subsidiary SBI Infrastructure in Central America the day before.
The officials collected evidence for a local investigation tied to the company’s past activities in Guatemala. Thus, the investigation into corruption at SBI Infrastructure has spread from Africa to Central America. Both the World Bank and the Israel Police have investigated SBI Infrastructure on suspicion the company bribed officials in Kenya and other African states to win major infrastructure contracts.
Last week police questioned controlling shareholder Shari Arison and Arison Investments CEO Efrat Peled.
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