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=== Trial and conviction === === Trial and conviction ===
Nochi Dankner was sentenced to a two years in prison, as well as 800000 ] fine by a Tel Aviv District Court judge Khaled Khabub on 6th of December 2016. In addition Dankner received a suspended sentence of an additional year. Tel Aviv District Attorney’s Office had asked for a three- to five-year prison sentence. Judge Khabub formula of sentencing was <ref>“deemed it appropriate to punish the accused within the lower levels of the appropriate punishment due to the personalities of the accused, their extraordinary philanthropic work and the damages and losses they inflicted on themselves by getting embroiled in this scheme.”</ref> Nochi Dankner was sentenced to a two years in prison, as well as 800000 ] fine by a Tel Aviv District Court judge Khaled Khabub on 6th of December 2016. In addition Dankner received a suspended sentence of an additional year. Tel Aviv District Attorney’s Office had asked for a three- to five-year prison sentence. Judge Khabub formula of sentencing was <code><nowiki>“deemed it appropriate to punish the accused within the lower levels of the appropriate punishment due to the personalities of the accused, their extraordinary philanthropic work and the damages and losses they inflicted on themselves by getting embroiled in this scheme.”<ref>http://www.jpost.com/Israel-News/Fallen-Israeli-business-magnate-Dankner-gets-two-year-jail-sentence-474470</ref></code></nowiki>


==References== ==References==

Revision as of 11:43, 6 December 2016

Nochi Dankner
Born (1954-11-13) November 13, 1954 (age 70)
NationalityIsraeli
Known forConvicted in Securities Fraud

Nochi Dankner (Template:Lang-he; born 13 November 1954) is an is an Israeli businessman, convicted in Securities Fraud. He was the controlling shareholder of the IDB Group. Dankner is also the founder and chairman of the Ganden Group - which led him to personal bankruptcy of 400 Million NIS, and a board member of the Jewish Agency for Israel.

Biography

Nochi Dankner was born in Tel Aviv. He is the son of Goldie and Yitzhak Dankner, one of six brothers who founded Dankner Investments. After military service in the Israel Air Force, Dankner studied political science and law at Tel Aviv University, where he edited the law review. After graduation, he founded Dankner Dankner law firm.

In 2011, Dankner sold the Israeli agrochemicals manufacturer Makhteshim Agan to China National Agrochemical Corporation, a subsidiary of China National Chemical Corporation (ChemChina). Prime Minister Benjamin Netanyahu described the deal as "a big achievement for the economy of Israel." That year he was ranked eleventh in Forbes Magazine’s list of wealthy Israelis.

Under the IDB pyramide Dankner used to own various companies such as Cellcom, Super-sol, Netvision, Hadera Paper and Nesher Cement, whose situation all got worse after Dankner's involvement, which led to IDB's bankruptcy.

Trial and conviction

Nochi Dankner was sentenced to a two years in prison, as well as 800000 NIS fine by a Tel Aviv District Court judge Khaled Khabub on 6th of December 2016. In addition Dankner received a suspended sentence of an additional year. Tel Aviv District Attorney’s Office had asked for a three- to five-year prison sentence. Judge Khabub formula of sentencing was “deemed it appropriate to punish the accused within the lower levels of the appropriate punishment due to the personalities of the accused, their extraordinary philanthropic work and the damages and losses they inflicted on themselves by getting embroiled in this scheme.”<ref>http://www.jpost.com/Israel-News/Fallen-Israeli-business-magnate-Dankner-gets-two-year-jail-sentence-474470</ref></code>

References

  1. http://www.bloomberg.com/news/articles/2016-07-04/israeli-businessman-nochi-dankner-convicted-of-securities-fraud
  2. http://www.bloomberg.com/news/articles/2016-07-04/israeli-businessman-nochi-dankner-convicted-of-securities-fraud
  3. Nochi Dankner's power play
  4. http://www.haaretz.com/israel-news/business/dankner-gave-banks-personal-guarantee-on-loans-to-tomahawk-ganden.premium-1.516805
  5. Mr. Nochi Dankner, Jewish Agency for Israel
  6. Nochi Dankner
  7. The agrochemicals manufacturer Makhteshim Agan Industries Ltd sold to ChemChina
  8. Ackerman, Gwen (17 October 2011). "Netanyahu Congratulates IDB's Dankner on Makhteshim Deal Close". Bloomberg Businessweek. Retrieved 18 October 2011.
  9. Struggling billionaire could drag Israel down with him
  10. Israel's alpha tycoon, Haaretz
  11. http://www.haaretz.com/israel-news/business/1.564045
  12. http://www.law360.com/articles/633991/israeli-bank-s-90m-ch-11-lien-survives-creditor-attack
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