The state witness in the Holyland trial on Sunday explained how he covered up the bribes he was allegedly paying to former Prime Minister Ehud Olmert, former Jerusalem mayor Uri Lupolianski and many of the other defendants in the case.
According to the state witness, known only as S.D. due to a gag order, most of the funds during a five year period when he was paying most of the bribes, were transferred not from the main Holyland Corporation involved in the project, but from a side corporation called Holyland Tourism.
Besides insulating the main company from direct involvement in the bribery, S.D. recorded the bribes as personal loans that he was making to others.
S.D. explained that despite marking them as loans, he was never paid back any of the funds and never expected to receive any of them back, as they were bribes, and labeling them loans was just part of the coverup.
Jerusalem Post Annual Conference. Buy it now, Special offer. Come meet Israel's top leaders