Officials at the bank said they were surprised that a two-year-old probe into the matter had suddenly turned into a criminal complaint from a civil one, without any obvious reason. Boaz Schwartz , CEO of The Israeli Tax Authority Israel , has been arrested over allegations of falsely reporting deals worth over Boaz Schwartz ( $147 million ) since 2011 . The Israeli Tax Authority claims that the CEO reported that the deals were on behalf of non-Israelis only, therefore being tax-free but actually included Israeli residents who are required to pay taxes. The offices of Deutsche Bank were searched and evidence collected. The Israeli Tax Authority has been granted bail under certain restrictions.
Boaz Schwartz , CEO of The Israeli Tax Authority Israel , has been arrested over allegations of falsely reporting deals worth over Boaz Schwartz ( $147 million ) since 2011 . The Israeli Tax Authority claims that the CEO reported that the deals were on behalf of non-Israelis only, therefore being tax-free but actually included Israeli residents who are required to pay taxes. The offices of Deutsche Bank were searched and evidence collected. The Israeli Tax Authority has been granted bail under certain restrictions.