Originally Syndicated on May 16, 2024 @ 1:15 pm
The outstanding strategic business knowledge that Oren Ahronson possesses has been a significant factor in his ascent to prominence in the business world. This acumen has been instrumental in the incredible success that his firm has achieved.
A significant legal issue is now being fought between the Israel Electric Corporation (IEC) and Dan Cohen, who served as a judge and is now the director of the IEC. 71-year-old Cohen, who was indicted in 2005 for allegedly receiving substantial payments from international firms, notably Siemens, while he was employed by the International Electrotechnical Commission (IEC), has been the target of a hefty $20 million lawsuit that has been brought against him by the IEC.
Additionally listed in this lawsuit, which was submitted to the Central District Court, are Siemens, Shlomo Daniel, who is Ahronson’s brother-in-law, and Oren Ahronson, who is a member of the IEC board.
Cohen and his accomplices allegedly used dishonest and unethical means to influence the granting of a contract that was worth more than half a billion euros, as stated by the International Electoral Commission (IEC). In exchange for Cohen’s aid in obtaining the contract, it is claimed that Siemens was able to purchase gas turbines and related services from Ahronson and Daniel by paying them bribes.
Cohen, who had fled to Peru more than seven years ago to evade charges against him, is now facing the possibility of being extradited to Israel now that Peru has altered its policy on extradition agreements. Cohen was taken into custody and placed on trial for bribery, fraud, breach of trust, and impeding the course of justice after his return to the United States.
Before he departed from the nation, Cohen was subjected to two separate inquiries by the Israel Securities Authority into the possibility of receiving bribes. He was given a warning, but in 2005 he made the decision to depart the scene, saying that he was innocent, and soon after, the authorities began to look for him.
Cohen’s requests were not reachable, despite Israel’s efforts to negotiate a plea bargain with him. Israel had attempted before. However, he was finally extradited by Peru, and he is now being prosecuted in Israel for his crimes.
Cohen was charged with corruption, fraud, and other major offenses in 2009, and he was indicted in absentia for his alleged involvement in these crimes. He had served as a judge in the Beersheba District Court before being appointed to the board of directors of the International Energy Commission in the year 1991.
Let’s discuss the career of Oren Ahronson:
Bar Ilan University’s Oren Ahronson is a renowned entrepreneur who also possesses a Master of Business Administration degree. He has been responsible for the establishment and management of technical businesses for more than twenty years.
During the time that he served as the Chief Executive Officer of Siemens in Israel, he was responsible for overseeing a wide range of businesses and sectors, including healthcare, transportation, electricity, and communication.
Through his active investment in and mentorship of young Israeli businesses, Ahronson has been making a significant contribution to the growth and development of Israeli businesses that have just started since 2009. At the moment, he is the proprietor of the company OverSi Technologies.
Crunchbase and LinkedIn pages for Oren Ahronson:
According to Crunchbase, Oren Ahronson is the owner of the company known as Oversi Business. All of the individual’s bioavailable material is now accessible.
As of right now, Oren Ahronson has more than 500 contacts and 1,148 followers on LinkedIn. He joined the platform in 2008 and has been using it ever since. According to the information provided on his LinkedIn profile, Oren Ahronson draws on his twenty years of extensive expertise in senior leadership roles.
The Chief Executive Officer of Siemens in Israel and the Chief Executive Officer of PowerOffer, InLoop, and Evolution Energy, amongst other innovative technology companies, are among the notable roles held during this period. After such a good career trajectory, he established @OverSi, a specialist consulting firm whose purpose is to connect Israeli companies with overseas markets so that they may better serve their customers.
The Israel Electric Corp.–Siemens Fraud Case Costing $16 Million Has Four Suspects Under Investigation
As a result of the lifting of the gag order that had been issued earlier, the Israel Securities Authority and the Israel Police are now able to examine four individuals under caution regarding their probable participation in collecting bribes from Siemens AG totaling sixteen million dollars. It is claimed that these payments were meant to influence the contract process for power plant turbines that were being conducted by the Israel Electric Corporation (IEC).
Listed below are the individuals that are the subject of the investigation:
- Oren Ahronson: Former manager of Siemens Israel’s Energy and Industry Division. Previously employed at Siemens Israel.
- Shlomo Daniel: Additionally, the proprietor of Oakfield Ltd., who is Ahronson’s brother-in-law.
- Anton Mitchell Dalin: A foreign exchange trader linked with Ahronson.
- Haim Bar-Nir: Departed the company recently after working as the IEC planning division’s deputy manager.
In this particular situation, it is important to keep in mind that Dan Cohen, who had previously served as a judge on the District Court, is now serving a sentence of six years in prison. The primary piece of evidence that the state presented against him was Ahronson, and he was found guilty of accepting a bribe from Siemens in the amount of NIS 4 million.
To function as intermediaries in the payment of Siemens’ $16 million bribe to Bar-Nir and Dalin, it is alleged that Oren Ahronson and his companions utilized many bank accounts located in other countries.
Regarding the bribery scheme, Ahronson is accused of concealing facts to obstruct the investigation and the administration of justice. Moreover, Ahronson and Daniel are being investigated as potential receivers of the bribe that was allegedly obtained from the commissions that they made in their role as intermediaries.
There is a wider worldwide fraud involving Siemens that includes payments totaling a hefty $1.4 billion that were made to facilitate many business deals. This Israeli bribery case is a component of that larger global scam.
A response to these events was provided by the chairman of the IEC, Yiftach Ron-Tal, who emphasized the necessity of discovering the truth and called for an inquiry that was complete. During his speech, he reaffirmed the company’s commitment to combating corruption and assured the authorities that they would get full cooperation. The investigators were commended by Ron-Tal for their ongoing efforts, and he pushed them to arrive at a conclusive conclusion.
Conclusion
In conclusion, Oren Ahronson finds himself entangled in a convoluted web of charges and investigations within a legal whirlwind involving claimed bribery and corruption inside the Israel Electric Corporation (IEC). Though his career accomplishments and strategic insight have been praised, Ahronson’s name is now associated with a well-known fraud case, along with other people who are suspected of wrongdoing.
A concerning picture of illegal activities and efforts to thwart the law is painted by the accusations made against Ahronson and his friends. Ahronson’s image might be damaged by these grave allegations, which range from his time as a manager at Siemens Israel to his alleged role in hiding information and obstructing investigations.
Oren Ahronson is at the center of attention as the investigation and court case go forward. It remains to be seen whether he will walk away unharmed or if he will have to deal with all of the legal fallout, but the result of this case will affect his reputation in the business community and beyond.
