Even when Dan Dankner was chairman of Bank Hapoalim (TASE: POLI), he had only one vote on the board of directors, which could have easily voted against him. After his resignation, the board of directors ratified the decisions for which State Prosecutor Moshe Lador decided to indict Dankner last week, subject to a hearing.
These are the main arguments that Dan Dankner will make in his defense at the hearing in a few months.
"Globes" has obtained a copy of the statement of defense. Dankner will also contend that the prosecutor's claim that heconcealed the financial condition of and business ties with Elran Investments Ltd. (TASE: ELIN), which he controls, is "ridiculous and comic", because Elran is a public company and therefore files full and transparent reports with the TASE, which include the details of which Dankner is accused of concealing from Bank Hapoalim's board of directors.
The third argument for the defense is in response to the charge that Dankner benefitted from money deposited in an account in the name of his secretary at the time. The defense claims that this was a wholly technical act related to Dankner's personal circumstances at the time - his divorce.
Published by Globes [online], Israel business news - www.globes-online.com - on September 12, 2011
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