Securities Authority raids El Al offices in misconduct probe
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Securities Authority raids El Al offices in misconduct probe

Israeli airline says several officials have been questioned in investigation into possible misuse of inside information

An El Al airline plane at Ben Gurion International Airport on August 17, 2016. (Tomer Neuberg/Flash90)
An El Al airline plane at Ben Gurion International Airport on August 17, 2016. (Tomer Neuberg/Flash90)

El Al Israel Airlines said Wednesday its offices have been searched and several senior official questioned by the Israel Securities Authority.

The investigation relates to suspicions of misuse of inside information.

It was not clear if authorities would seek any arrests in the probe.

The company’s stock rose 7 percent Wednesday as oil prices dropped significantly.

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