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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerI thought it couldn't be done.
Israel's Prime Minister, Ehud Olmert, has been implicated in so many slippery business dealings that he would give Crisco a run for its money. But I read today that the Israel Police recommended closing the investigation into Prime Minister Ehud Olmert's conduct in what is know in Israel as the Bank Leumi Affair.
The affair runs has its ins-and-outs but in short, Olmert is suspected, when acting as as Minister of Finance in the Sharon government, of trying to influence the sale of the controlling stake in Bank Leumi in favor of an associate, Australian businessman Frank Lowy.
The Israel Police, having looked at the evidence before them, has recommended closing the case. Israel's Attorney General, Meni Mazuz, will take the police's opinion into consideration as he manages the case against Olmert.
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