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Investigators arriving at Olmert's residence in Jerusalem to search for evidence on the Bank Leumi affair. (Archives)
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Last update - 22:12 21/11/2007
Police to decide Sunday whether Olmert should be indicted for fraud
By Jonathan Lis, Haaretz Correspondent
Tags: Frank Lowy, Ehud Olmert 

The team of detectives investigating Prime Minister Ehud Olmert's possible corruption in the sale of Bank Leumi is expected to decide by Sunday whether the evidence gathered in the case justifies charging him.

Olmert, who was serving as finance minister at the time of the sale, is suspected of interfering in the privatization of the bank to benefit a friend.

The team of detectives from the National Fraud Investigation Unit will hold a hearing on the matter with head of police investigations and intelligence Major General Yohanan Danino, and will subsequently make their conclusions public.


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After a decision is reached, the case file and the evidence included in it will be handed over to the prosecution.

Sources involved in the investigation reported that the decision whether or not to indict the prime minister will be influenced by the legal recommendations of the police and the state prosecution regarding how strongly they believe the evidence could lead to a fraud conviction.

Earlier this month, police investigators questioned Olmert twice over suspicions of corruption. The second interview, which lasted less than four hours, is expected to conclude the police investigation.

After assessing the evidence in the case, the investigators will decide whether or not to recommend to Attorney General Menachem Mazuz to indict the prime minister on corruption charges.

Olmert, who underwent questioning under caution at his official residence in Jerusalem last month, is suspected of trying to influence the tender in the proposed sale of the controlling share of Bank Leumi in favor of his friend, Australian tycoon Frank Lowy.

Investigators arrived early at the residence on Balfour Street where Olmert gave the officers, headed by Brigadier General Shlomi Ayalon, his version of events regarding the suspicions against him in the Bank Leumi tender.

The investigators sought answers to suspicions Olmert altered the conditions of the tender on the basis of requests of Lowy's aides prior to the publication of the document.

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  • Police: If PM provides 'reasonable' answer over Leumi affair, case will be closed
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      1.   another case of smoke but no fire ? 15:03  |  victor hardman 21/11/07
      2.   Perhaps a new PM for Israel? 15:14  |  Petra 21/11/07
      3.   Time to get out 15:30  |  Brod 21/11/07
      4.   Olmert 15:31  |  Max Molenaar 21/11/07
      5.   ARREST OLMERT COLLABORATOR WITH THE ENEMY OF ISRAEL, DON`T DELAY) 15:33  |  THE VOICE)))) 21/11/07
      6.   OLMERT IS IN HOT WATER 15:55  |  SAM OVAR 21/11/07
      7.   Here is a way to get RID of this enemy of Israel 16:16  |  Alastair Murray 21/11/07
      8.   Olmert 16:47  |  Chaim Gorenstein 21/11/07
      9.   Just in time for Annapolis 17:04  |  Omar 21/11/07
      10.   Silly timing 17:19  |  Tosefta 21/11/07
      11.   i bet this is wanted by olmert...ask zelekha ... 17:46  |  Gabriel 21/11/07
      12.   Yes, Yes, Yes Indict Olmert and send him to jail 17:48  |  Dandydoo 21/11/07
      13.   Appeasening Gaza offals and sacrificing Shalit+Sderot not enough 18:10  |  Absolute Sweden 21/11/07
      14.   from Annapolis to the Hague 18:16  |  Sam (UK) 21/11/07
      15.   Not many posts over here... 18:36  |  S 21/11/07
      16.   Just in time for Annapolis 18:51  |  Omar 21/11/07
      17.   Olmert needs to resign NOW 19:05  |  Kipperraes 21/11/07
      18.   Olmert the weak 19:20  |  Ben 21/11/07
      19.   One Olmert?s investigation file before Pros. Gen. for indictmentt 19:22  |  H.H.M 21/11/07
      20.   Den of theives 20:26  |  Steve Beikirch 21/11/07
      21.   New Elections are needed now & not a minute later 20:27  |  Shepherd 21/11/07
      22.   New Elections are needed now & not a minute later 20:27  |  Shepherd 21/11/07
      23.   Will PM Olmert... 20:35  |  Yoram 21/11/07
      24.   NO-NO DON`T TRUST CORRUPT POLICE, IDF, ARREST TRAITOR OLMERT NOW! 20:50  |  THE VOICE)))))))) 21/11/07
      25.   For S, on the absence of posts here # 15 21:22  |  Clickfool 21/11/07
      26.   police charges 21:24  |  michael cohen 21/11/07
      27.   Clickfool #20 21:47  |  S 21/11/07
      28.   INDICTED? NO JAILED?YES 21:53  |  shaul elliot 21/11/07
      29.   Can`t stand the man - Olmert is his name. 21:55  |  Dagma 21/11/07
      30.   A Message to Olmert before his next Photo-Op 22:18  |  dandydoo 21/11/07
      31.   #25clikky same as you can say for blair and brown 22:36  |  victor hardman 21/11/07
      32.   #25 as usual your wrong 22:46  |  Shepherd 21/11/07
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