Israeli tech entrepreneur Moshe Yanai, 71, denied insolvency claims on Sunday, asserting that he holds significant assets through his investment firm, MII.
According to a U.S. court ruling, MII’s portfolio is valued at approximately $1.1 billion — or several hundred million dollars at a minimum.
Yanai made the argument in a request to halt legal proceedings, filed Sunday with the Tel Aviv Magistrate’s Court, in response to a bankruptcy petition by the investment fund Scintilla. The fund claims Yanai defaulted on loans totaling $36 million.
MII, jointly owned by Yanai and his wife Rachel, manages investments in multiple technology firms. Court documents list its assets as including Israeli data storage company Infinidat, which…
