BREAKING NEWS

C'tee okays PM portfolio changes amid war rumors

By JPOST.COM STAFF

AUGUST 27, 2012 10:23

A special committee has given its initial approval for Prime Minister Binyamin Netanyahu to make changes to his foreign and domestic investment portfolio, amid increased speculation in recent weeks that Israel is considering a strike against Iran's nuclear facilities, a move that would certainly send shockwaves throughout the global economy.

The committee, functioning under the auspices of the State Comptroller Office, was formed following the Second Lebanon War when then-IDF chief of staff Dan Halutz was accused of insider trading for liquidating his investment portfolio just two hours after Hezbollah gunmen kidnapped two soldiers along the northern border. Halutz's portfolio was valued at approximately NIS 120,000. It would have suffered losses with the rest of the Tel Aviv 25 index, which dropped 8.3 percent during the week following the outbreak of hostilities.

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