Israel joins U.S. probe of Gilad Sharon over alleged $1.8M fra

Israel Police's national fraud unit has for over two years been conducting a criminal investigation of Gilad Sharon, son of former prime minister Ariel Sharon, on suspicion that he served as a conduit for transfering to his father $1.8 million from businessman Arie Genger.

Police suspect the money was transfered to Gilad Sharon in the guise of profits from a real-estate deal in Canada, details of which are contained in a lawsuit filed in Manhattan Supreme Court a week ago by Dalia Genger against her ex-husband, Arie, Gilad Sharon and their American lawyers.

Delek Real Estate in talks

JERUSALEM, Oct 28 (Reuters) - Israel's Delek Real Estate Ltd (DLKR.TA: Quote, Profile, Research) said on Sunday it is in talks with Netherlands-based investment group Kardan NV (KRNV.TA: Quote, Profile, Research) (KARD.AS: Quote, Profile, Research) to sell or merge its residential activity in Israel.