Foreign tycoons to be questioned in Leumi probe

April 13, 2007 00:57


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

American businessman Daniel Abraham and Australian billionaire Frank Lowy are likely to be questioned soon regarding the criminal investigation into Prime Minister Ehud Olmert and what is now being called the "Bank Leumi Scandal." Those at the Israel Police's national headquarters, preoccupied with the investigation into Finance Minister Avraham Hirchson and the appointment of a new police chief, were surprised on Thursday when details of the Olmert investigation were reported in Yediot Aharonot. Police would not comment on the newspaper's claim that investigative teams were getting ready to travel overseas and question the two Jewish businessmen. But their testimony is certainly crucial to the case, which centers around alleged deals between the pair and Olmert when he was finance minister. In mid-January, police opened an investigation into allegations that the prime minister intervened in the government tender for sale of the controlling interest in Bank Leumi, on behalf of Abraham and Lowy, his friends and former business associates. The issue was first investigated by State Comptroller Micha Lindenstrauss a year earlier, with embattled Accountant-General Yaron Zelekha as the key witness.

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town