TheMarker.com

Return to Article

Clal Insurance fires senior supervisor suspected of embezzlement, theft

TheMarker.com Staff

Clal Insurance fired a senior supervisor last week suspected of embezzlement and theft, Yedioth Ahronoth reports. Suspicions were triggered by an internal audit.

The case relates to alleged sale of executive insurance policies, in which the employer sets the sum per employee to be transferred to the insurance company. Insurance agents selling these policies are paid on the basis of the premium paid the first month.

The fired supervisor is suspected of having inflated these premiums for years.