Elie Horn is a Jew of Syrian descent who lives in Sao Paulo, Brazil and also happens to grace Forbes' World Billionaires list with an estimated worth of $2 billion

Business in Brief: Standard & Poor’s puts Teva debt on Negative Outlook ■ Internet Gold planning 250 million shekel bond issue ■ Housing & Development wins $309 million Uganda airport-construction contract

After being probed for months, Haim Katz now faces charges of fraud and breach of trust in a host of cases pertaining to Israel Aircraft Industries; Katz shrugs off allegations as 'bizarre'

Bank of Israel says damage from fraud has been minimal to date