Vesttoo board considers removal of co-founders in wake of LOC crisis
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Vesttoo board considers removal of co-founders in wake of LOC crisis

vesttoo logo Boardroom.jpg

Vesttoo’s board has confirmed it is “considering” the removal of CEO Yaniv Bertele and chief financial engineer Alon Lifshitz from their positions at the company as the scandal around allegedly fraudulent letters of credit (LOCs) deepens.

The co-founders will be on paid leave until a final decision is taken, according to a statement.

“We are exploring multiple options for interim replacements, but no decision has been taken as of yet,” the board said.

“We

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