Raed Sha'ar Sentenced to 40 Months in Prison and NIS 1 Million Fine in Fuel Industry Fraud Case

In depth

The Ramla Magistrate's Court sentenced Raed Sha'ar to 40 months of actual imprisonment and a NIS 1 million fine. According to Ice, Sha'ar was convicted of supplying forged infrastructure and fictitious identity documents for tax fraud in the fuel industry. According to Kikar HaShabbat, the criminal network issued fictitious invoices worth NIS 156 million.

According to Bizportal, the court adopted the plea agreement with Sha'ar, who received a commission of NIS 40 million for his share and was fined NIS 1 million. According to Bizportal, the court reduced the prison term in lieu of the fine due to personal circumstances. According to Walla, according to the prosecution, Sha'ar and his former wife pocketed about NIS 40 million.