State prosecution backs police decision to close Leumi case against PM

The state prosecution's economic crimes unit supports the decision by police to close the case against Prime Minister Ehud Olmert in the Bank Leumi affair, Channel 2 reported on Monday. The state prosecution's recommendation has been passed on to State Attorney Moshe Lador, who has the final say on the matter. The investigation was opened after State Comptroller Micha Lindenstrauss passed on to Attorney-General Menahem Mazuz information regarding the alleged involvement of then-Finance Minister Olmert in the selling-off of the controlling share of Bank Leumi during the bank's privatization process. According to allegations, Olmert intervened in the 2005 sale on behalf of Frank Lowy and Daniel Abraham, two businessmen who were also personal friends of his.