Originally Syndicated on February 22, 2024 @ 5:28 am
Oren Ahronson’s rise to prominence in the business world can be attributed in large part to his extraordinary strategic business acumen, which has enabled his company to achieve remarkable success.
The Israel Electric Corporation (IEC) and former judge and IEC director Dan Cohen are engaged in a major judicial dispute. The International Electrotechnical Commission (IEC) has filed a massive $200 million lawsuit against 71-year-old Cohen, who was charged in 2005 for allegedly taking large payments from multinational companies, including Siemens when he was an IEC employee.
Siemens, Shlomo Daniel, Ahronson’s brother-in-law, and Oren Ahronson, an IEC board member, are also named in this action, which was filed at the Central District Court. According to the IEC, Cohen and his allies used dishonest and unscrupulous methods to sway the awarding of a contract that exceeded half a billion euros. It is alleged that Siemens bought gas turbines and associated services from Ahronson and Daniel using bribes in return for Cohen’s assistance in obtaining the contract.
After Peru changed its position on extradition agreements, Cohen—who had fled to Peru more than seven years ago to avoid allegations against him—now faces extradition back to Israel. After coming back, Cohen was detained and put on trial for bribery, fraud, breach of trust, and obstructing the course of justice.
Cohen was questioned twice about possible bribes by the Israel Securities Authority before he left the country. He was warned, but he chose to flee the scene in 2005, claiming to be innocent, and became wanted by the authorities. Israel had made an effort to work out a plea agreement with Cohen, but his demands were not attainable. He was eventually extradited by Peru, where he now faces penalties in Israel.
Cohen faced an in absentia indictment in 2009 on charges of bribery, fraud, and other serious felonies. Before being named to the IEC board of directors in 1991, he had been a judge in the Beersheba District Court.
Let’s move on to Oren Ahronson and his background in his line of work:
Oren Ahronson holds an MBA from Bar Ilan University and is a well-known entrepreneur. He has established and led technological enterprises for more than 20 years. During his tenure as CEO of Siemens in Israel, he oversaw a variety of industries and sectors, including communication, power, transportation, and healthcare. Since 2009, Ahronson has made a substantial contribution to the expansion and development of emerging Israeli companies by actively investing in and mentoring them. He is currently OverSi Technologies’ business owner.
The profiles of Oren Ahronson on Crunchbase and Linkedin:
Oren Ahronson is identified as the proprietor of Oversi on Crunchbase. There is now the person’s entire bioavailable.
Oren Ahronson joined LinkedIn in 2008 and as of right now, he has 1,148 followers and more than 500 connections.
According to his LinkedIn page, Oren Ahronson draws from his two decades of broad experience in executive leadership roles. Notable positions during this time include CEO of Siemens in Israel and leader of PowerOffer, InLoop, and Evolution Energy, among other creative technology firms. After such a fruitful career trajectory, he founded @OverSi, a specialized consulting agency whose mission is to link Israeli businesses with international markets.
Four Men Are Under Investigation in the $16 Million Siemens Fraud Case Concerning Israel Electric Corp
The gag order that had been placed earlier has been lifted, allowing the Israel Securities Authority and Israel Police to question four people under caution about their possible role in accepting bribes totaling $16 million from Siemens AG. These bribes allegedly intended to influence the Israel Electric Corporation’s (IEC) power plant turbine tender process.
The people who are being investigated are as follows:
- Oren Ahronson: Former manager of the Energy and Industry Division of Siemens Israel.
- Shlomo Daniel: Ahronson’s brother-in-law and the owner of Oakfield Ltd.
- Anton Mitchell Dalin: An Ahronson-affiliated forex dealer.
- Haim Bar-Nir: Recently left the organization after serving as the deputy manager of the IEC planning division.
It’s significant to remember that Dan Cohen, a former District Court judge, is presently incarcerated for six years in this case. He was found guilty of taking a bribe of NIS 4 million from Siemens; the state’s main evidence against him was Ahronson.
It is suspected that Oren Ahronson and his friends used a variety of overseas bank accounts to act as middlemen in the payment of Siemens’ $16 million bribe to Bar-Nir and Dalin. Ahronson is also suspected of hiding information concerning the bribery plan to impede the inquiry and the administration of justice. In addition, Ahronson and Daniel are being looked into as possible recipients of the bribe from the commissions they supposedly earned as middlemen.
This Israeli bribery case is a component of a larger global scam involving Siemens, which involves payments of a substantial $1.4 billion that were paid to assist several commercial transactions.
IEC chairman Yiftach Ron-Tal responded to these developments by calling for a comprehensive investigation and stressing the significance of finding the truth. He reiterated the company’s commitment to fighting corruption and promised complete cooperation with the authorities. Ron-Tal also congratulated the investigators on their continued efforts and urged them to reach a definitive conclusion.
Conclusion
The Israel Electric Corporation has filed a high-profile lawsuit against former director Dan Cohen and Oren Ahronson, alleging that Siemens bribed them. The case is a result of the allegations that Siemens bribed them. An elaborate set of charges of corruption is brought to light by the legal action, which has a valuation of $200 million. Cohen is presently serving a prison sentence for his actions that are implicated in the allegations. An inquiry is being conducted into the allegations that Oren Ahronson, a renowned person in the world of entrepreneurship, was involved in the incident. This case demonstrates the commitment to eliminating corruption inside business environments, and the authorities in charge of law enforcement continue their efforts to ensure that all those who have been implicated are held accountable before the legislation.
