Dor Alon Energy reported to the Tel Aviv Stock Exchange and the Israel Securities Authority about suspected widespread theft at several of its gas station facilities, allegedly by employees. According to the company's estimate, based on preliminary information and findings, the scope of the theft amounts to approximately 40 million shekels ($11 million), most of it from the past two years. Following the discovery, the company hired an external investigation firm and filed an official complaint with the police. In parallel, Dor Alon is examining the possible implications of the affair on its financial statements, including the need to correct accounting records as required following the investigation findings.
Dor Alon reports suspected $11M theft by employees at gas stations
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