A legal opinion slams the land deal between Israel Salt Industries Ltd. (TASE:SALT), controlled by members of the Dankner family, and the Israel Land Administration (ILA). The opinion has just been disclosed now, five years after the deal that aroused a storm of controversy.
In October 2003, the ILA Council agreed that land leased by Salt Industries for its industrial salt production from the ILA until 2060 could be rezoned for residential use. The ILA and Salt Industries would share the proceeds.