Moshe Kahlon Pleads Guilty to Securities Reporting Offense at Unet Credit, Avoids Full Trial
Former Israeli Finance Minister Moshe Kahlon admitted guilt in a plea bargain after failing to report material irregularities at Unet Credit while serving as its chairman.
en.globes.co.ilMoshe Kahlon was convicted on May 31, 2026 by the Tel Aviv District Court of a securities reporting offense committed while he served as chairman of the nonbank credit company Unet Credit. He admitted to the charges in a plea bargain. According to the indictment, Kahlon was informed in 2022 of material irregularities at Unet Credit.
He failed to ensure that the information was brought to the attention of the company's board of directors, as required under the Securities Law. The conviction marks the first criminal finding against the former finance minister since he left public office.
Court records show the case centered on disclosure obligations that apply to nonbank credit firms operating under Israeli securities regulations.
Kahlon held the post of chairman at Unet Credit during the period covered by the indictment. The irregularities involved internal financial reporting that the Securities Law mandates be escalated to the board and disclosed to the public. The Tel Aviv District Court accepted the plea agreement on Sunday, closing the case without a full trial.
No sentencing date has been announced.
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