Word: leumi
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Olmert is not unused to being the subject of legal probes. A criminal investigation was launched earlier this year into his role in the sale of Bank Leumi when he was still finance minister. His lawyers have tied up that case with questions and motions and it has yet to proceed to an indictment. Olmert's office says that the privatization of Leumi, a state-run bank, was done according to law. As for the apartment scandal, Olmert's aides deny that any laws were broken...
...time when Swiss banks are under pressure from Jewish groups to unearth dormant accounts. A recent book by Bar-Ilan University professor Yossi Katz asserts that institutions like the Jewish National Fund, which was set up to purchase land for Jews in what was then Palestine, and Bank Leumi, one of Israel's biggest banks, failed to examine land records and abandoned accounts for Holocaust money. Last April, a Knesset committee finally pushed Israel's banks to audit these accounts...
...greatest bank robbery ever," fumed Mordechai Virshubski, a member of Israel's Knesset. He and many of his countrymen were outraged at the news that Ernest Japhet, the former chairman of Bank Leumi (1985 assets: $22 billion), had negotiated for himself $5 million in severance pay and a $360,000 annual pension. Protesters stormed the bank's Tel Aviv headquarters. A prime reason for the anger was that Japhet had been forced to step down last year when a government commission criticized his role in the 1983 crash of the value of Israeli bank stocks. As public indignation mounted last...
...arrived at a Tel Aviv suburb for a rally, he discovered that local party officials had failed to spread the word. The Prime Minister kept a fixed smile, but later he snapped at the organizers, "You should have told me!" Shamir had better luck at a branch of Bank Leumi in Givatayim, where several dozen customers clustered around him. "Tell your clientele," he said to the bank's manager, "that they should not worry about their savings. We will secure them and never touch them...
...Jewish state in Palestine. After emigrating to British-ruled Palestine in 1935, Shamir entered the law school of Jerusalem's Hebrew University, only to drop out in 1937, as the Arab revolt against the burgeoning Jewish presence in Palestine intensified. That same year, he joined Irgun Zrai Leumi (National Military Organization), the radical terrorist group whose subsequent leader was Menachem Begin...