Nakash Brothers’ business empire over the group’s Israeli CEO Avi Hormaro has a dramatic twist. Brothers Avi, Joe and Rafi reported that they were expected to dissolve the partnership in 50 years due to their continued disagreement over Hormaro, and then complained that he himself had spent tens of millions of dollars. The complaint was filed with the FBI office in Miami, Florida, and many of the group’s businesses were established. I learned about “gloves.”
The complaints the FBI is expected to conduct a preliminary investigation deal with events at the heart of an ongoing lawsuit against Homaro in the Tel Aviv District Court over the past year. This concerns the request for a derivative lawsuit filed by Avi Nakash’s trust on behalf of a company managed by Homaro, including Yamit and Ran hotels.
In a lawsuit in Israel, Avi Nakash alleges that Homaro was “who, if not millions) worthy of the group’s companies, and assumed the deal without approval and acted in conflict of interest. Recently, Judge Michal Agmon Gonen approved an increase in the amount of the case to NIS 65 million, which is supported by the views of Yehuda Barlev CPA, which is at the heart of complaints with the FBI.
In June 2024, Abhi’s son Jonathan Nakash, who is the trustee of his father’s fund, filed a police complaint against Homaro, claiming he had fraudulently accumulated tens of millions of assets. In November 2024, police announced that they had decided to close the complaint citing a lack of public interest, and an appeal was subsequently filed against the closure.
Hormaro says in response to Avi Nakash’s claim that all his actions were taken legally and with the approval of the Nakash Brothers. His lawyers said these were “basic, unfounded claims” and Homaro’s actions were “professional and impeccable.”
Joe and Rafinakash supported Homaro and signed a settlement agreement with him in July 2024. According to the agreement, Homaro transferred five million people to the group, in addition to some of the group’s corporate rights, maintaining other rights. Homaro is currently serving in his position with the support of Joe and Rafinakash.
The conflict surrounding Homaro’s employment led to the mediation process carried out by the Miami brothers. Following the failure of mediation, the group soon enters the process of dissolving sibling partnerships with regard to Israeli companies.
Related Articles
The Nakash brothers are set to dissolve the Israeli partnership
Nakash Group holds assets worth hundreds of millions of dollars in Israel and abroad. Among other things, the group owns Alkia Airlines and around 20 hotels in Israel and Europe. The brothers are also partners in the real estate and financial group AMPA, which manages the EILAT port, and are currently planning an IPO on the Tel Aviv Stock Exchange (TASE) with a valuation of between 3.5 billion people.
Adv. “Avi Nakash’s current complaints are merely another publicity balloon that has been made in a short time. It has become clear to Avi Nakash that the request for derivative claims he filed is not mandatory that he is expected to be rejected in the past,” said Homaro’s lawyer Ron Berkman.
“Avi Homaro continues his position as manager of Israel’s Nakash Group after it has been revealed that the brothers’ allegations against Homaro are unfounded. His way of doing so is to persecute and harm Avi Hormaro, the operations manager of the company.”
Published by Globes, Israel Business News – En.globes.co.il – April 7, 2025.
©Copyright of Globals Publisher Itonut (1983) Ltd., 2025.
