Israeli businessman Elhanan Tannenbaum was arrested Thursday for failure to pay his debts to the execution office. He was brought to the Tel Aviv court registrar where his detention was extended by seven days or until he pays his debts.
Ynet has learned that he owes about NIS 2 million (roughly $550,000.)
Tannenbaum, who is heavily in debt, had previously received notice from the execution office to pay up. When he failed to do so, an arrest warrant was issued against him. Police officers came to his home Thursday morning and brought him to the court.
Tannenbaum also owes money to the National Insurance Institute, as well as alimony, mortgage, bad checks and other debts. In court, he claimed that he had completed his law studies and was about to begin his internship.
This is not the first time that an arrest warrant has been issued against Tannenbaum. In April 2005, a 10-day detention order was issued against him by the registrar of Herzliya Magistrate's Court after he failed to pay alimony to his son's mother. At that time, he told the judge that he was unable to pay alimony, set at NIS 2,650 ($710) per month, because he had no source of income and was living in his sister's home.