Tel Aviv-traded Ampa Investments today announced that the CFO of its car-leasing subsidiary Hamit Bader withdrew without authorization some NIS 200,000 from company accounts.
Ampa said that once the matter was discovered, Hamit Bader convened the board and fired the executive.
Ampa added that it is taking measures to recover the money. There are further complications, however, as the executive wants to close down Hamit Bader, a move he is argues is mandated by the founders agreement.
Hamit regards this as unacceptable. Ampal owns 51% in Hamit Bader.