Negev Ceramics is accused of using its organs – Motola, Ivshitz, Dori Mashiach and Kobani – to include misleading details in Africa Industries' consolidated, annual and quarterly financial statements between 2012 and 2014, all in order to mislead a reasonable investor; caused false details to be recorded in corporate documents and refrained from registering details with the intention of deception.
Via Arcadia and Super Ceramics are accused of using their organs – Motola, Klein and Grohar – to cause Africa Industries' consolidated, annual and quarterly financial statements between 2012 and 2014 to include misleading details, all in order to mislead a reasonable investor; caused false details to be recorded in the corporations' documents and refrained from registering details with the intention of cheating.
2.2.b. The second indictment
In the second indictment (attributed to the defendants), it is alleged that on the orders of Mr. Motola and Mr. Ivshitz, defendant 3, Ms. Dori and defendant 5, Ms. Yoffa, made false entries in the documents of the Negev Ceramics Group, which led to the Negev Ceramics Group and Africa Israel Industries reporting double revenues in their financial statements, all in order to present false representations about the Negev Ceramics Group's compliance with its objectives. Defendant 3 confessed, and was partially convicted of this charge.
In this indictment, Negev Ceramics is accused of using its organs – Motola, Ivshitz, Dori Vand Pa – to include misleading details in its consolidated, annual and quarterly financial statements of Africa Industries between the years 2012-2014, all in order to mislead a reasonable investor; caused false details to be recorded in corporate documents and refrained from listing details with the intention of deception.
Via Arcadia and Super Ceramics are accused of using their organs – Motola, Klein and Grohar – to cause Africa Industries' consolidated, annual and quarterly financial statements between 2012 and 2014 to include misleading details, all in order to mislead a reasonable investor; caused false details to be recorded in the corporations' documents and refrained from registering details with the intention of cheating.