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From the Liveblog of
Thursday, March 21, 2019
From the Liveblog of
Thursday, March 21, 2019
PM said to make 700% profit on shares bought from his cousin in suspected new graft case
Add ToI as a Preferred Source on GooglePrime Minister Benjamin Netanyahu made a 700% profit in three years from shares he purchased in 2007 from his cousin, US businessman Nathan Milikowsky, in a new suspected corruption case related to the submarine affair, Channel 12 news reports.
The TV report says Netanyahu bought shares in the graphite electrodes company Seadrift for just $600,000. In November 2010, the prime minister sold his shares back to Milikowsky for $4.3 million — more than seven times his investment.
State prosecutors are reportedly considering opening a criminal probe into the case, to check whether the share purchase and extremely profitable sale could constitute an illicit gift by Milikowsky to Netanyahu.
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