Attorney General Avichai Mandelblit announces that Prime Minister Benjamin Netanyahu will not be investigated over suspicious business transactions related to his stake in a US company that has been linked to the submarine bribery scandal.
While expressing concerns over Netanyahu’s actions, Mandelblit says in an opinion to the Supreme Court there is not enough evidence to look at, especially given the passage of time.
Mandelblit’s decision comes in response to Supreme Court petitions demanding that Netanyahu be investigated over the affair.
Suspicions surround Netanyahu’s purchase of shares in Texas-based SeaDrift Coke in 2007 for $400,000, before selling them in 2010 for $4.3 million — an over sevenfold increase, Channel 12 news reported.
SeaDrift, which produces needle coke used for manufacturing graphite electrodes, was later acquired by a conglomerate in the same field, GrafTech International, a longtime supplier of Germany’s ThyssenKrupp, which is accused of paying bribes to Israelis officials to win the submarine contract.
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Thursday, October 15, 2020
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