Become a Member
Israel

Rogue traders or spy heroes? Ofer family mystery deepens

June 10, 2011 13:07
Sami Ofer: died as scandal raged

ByAnshel Pfeffer, Anshel Pfeffer

1 min read

One of the richest families in Israel is at the centre of a controversy involving trade with Israel's deadliest enemy and murky espionage. And, at the height of the scandal, its patriarch has died at the age of 89.

Revelations that some shipping companies owned by the Ofer Brothers were trading with Iran first emerged three weeks ago when the US State Department announced that one of the firms was to be sanctioned and banned from receiving American loans. The US move followed the sale of an oil tanker owned by the Ofer subsidiary to an Iranian-owned shell company.

The announcement caused uproar in Israel, where, in recent years, the Ofers have been held up by politicians and journalists as an example of the unhealthy relationship between government ministers and business tycoons.

In further reports, it was revealed that ships owned by one of the Ofers' tanker companies had visited Iranian ports dozens of times and that the company had made tens of millions of dollars from the oil trade with Israel's enemy.