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Hollywood magnate Yoram Globus sued by Bank Leumi for $ 50,000 debt

 


Israeli bank Leumi is suing film producer and businessman Yoram Globus and his wife Lea Globus for 168,000 NIS (about $ 48,600), saying their account is overdrawn and they do not want to cover their debt.

In a complaint to the Tel Aviv Magistrate Court last week, Bank Leumi, represented by lawyer Idit Bar-Zohar, said the couple had opened an account under conditions that any debt would consist of interests.

“The account of the accused at Bank Leumi is in debt and the debit balance of the account on June 28, 2020 is 168,000 NIS. The usual interest rate at Bank Leumi is 15.5% per year,” said the bank.

Film producer Yoram Globus.  Photo: Avigail Uzi Film producer Yoram Globus. Photo: Avigail Uzi

Leumi said it had previously asked the couple to cover their debt, but received no response.

Lea Globus replied, “We have not yet received the trial and we are aware of it. The so-called debt involves interest and costs that the bank is not disclosing.”

Globus has produced more than 350 feature films, including The Delta Force, the Death Wish and Bloodsport suites, and is the former president of The Cannon Group and MGM, which he directed with his late cousin Menahem Golan. Last May, he obtained a $ 50 million financing contract for his latest production with his son Ori Globus, Rebel Way. Globus is the President, with Ori Globus the President and Chief Executive Officer.



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