Shaul Elovitch and his son Or, who have been arrested in the Bezeq fraud probe, have resigned from the telecom company, Hebrew media reports say.
The company’s directors are meeting to discuss the probe and received the resignations. The directors did not discuss replacing company CEO Stella Handler, who is also under arrest
In the probe Prime Minister Benjamin Netanyahu is is suspected of furthering a deal under which Elovitch, owner of the Walla news site and the controlling shareholder of the Bezeq communications company, swayed coverage of Netanyahu and his family on Walla, in exchange for the Communications Ministry enacting policies potentially worth hundreds of millions of shekels for Elovitch.
Elovitch owns a stake in Bezeq via a pyramidal company structure: His firm Eurocom Communications Ltd. controls Internet Gold-Golden Lines Ltd. which in turns controls B Communications Ltd. B Communications holds a 26 percent stake in Bezeq, and the rest of Bezeq, 74%, is held by the public via shares traded on the Tel Aviv Stock Exchange.
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