Police have arrested Boaz Yona, chief executive officer of the real estate development company Heftziba, in Milan Italy, ending a two-week long international manhunt. He is suspected of defrauding the company of at least 70 million shekels ($17 million). Hundreds of buyers of the company's apartments under construction have been left without their money and without their future homes.

Yona's wife Tamar was with her husband when he was arrested although she previously denied knowing his location.