Sources inform ''Globes'' that, in these talks, Klagbald sought clarifications following suspicions that Psagot CEO Roy Vermus and chairman Arik Steinberg were involved in the affair. Former Psagot executives David Edery and Shay Ben-David, who were responsible for the investment house's nostro portfolio, were arrested in February on suspicion of manipulating prices of government and corporate bonds in order to reap nostro profits. They may also have been motivated for personal gain, as their salaries were based in part of the nostro portfolio's performance.
Sources close to the case said that Goshen told Klagsbald that he lacked the authority to authorize the fine and to decide to file an indictment in the case, and that the consent of the State Prosecutor and even the Attorney General would be needed. Although the talks with Klagbald continued, the issue never went further.
The Securities Authority declined to comment on the matter. Psagot denied that the Securities Authority suggested that it pay a fine to close the case.
You comment was recieved and soon will be published.
Thank you for posting your comment, which will be reviewed for publication.
Load more comments