BREAKING NEWS

Former Bank Hapoalim chairman Dan Dankner begins 8-month prison sentence

NOVEMBER 2, 2014 19:26

Former Bank Hapoalim chairman Dan Dankner began an eight-month prison sentence Sunday for breach of public trust. Dankner was convicted in October of last year, but received a lighter sentence in light of a plea bargain.

Dankner had abused his position at the bank to advance his personal economic interests, failing to disclose conflicts of interest to the bank's board.

As part of the plea deal, more serious charges of money-laundering, impure ethical practices and harming the bank’s interests.

Thought the prosecution sought an 18-month sentence, Dankner received only a 10-month sentence, which was later reduced by the Supreme Court.

He also paid a NIS 1m fine.

In March, Dankner was also sentenced to another three-and-a-half years in prison for his involvement in the Holyland Affair, in which former Prime Minister Ehud Olmert was also convicted. Dankner is appealing the ruling.

Yonah Jeremy Bob contributed to this report.

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