Gaydamak questioned about money laundering

"They're trying to prevent me from entering politics."

“IDF Radio" (Galei Zahal) reports that the Israel Police National Fraud Unit questioned Arcadi Gaydamak at its Petah Tikva headquarters today in connection with the money laundering affair at the Hayarkon branch of Bank Hapoalim (TASE: POLI; LSE:80OA). When entering the building, Gaydamak said, "This is nothing less than personal persecution by some uniformed officials and judges against me. I'm fighting not only for myself, but for justice in Israel."

Gaydamak exploited the stage to comment about his new political party "Justice for Pensioners", which the Knesset House Committee is discussing today. "They're trying to prevent me from entering politics," he said. "Despite the persecution, I will win and defeat Prime Minister Ehud Olmert in the next elections."

For several years, the police have been investigating the case of money laundering at Bank Hapoalim Branch no. 104. Gaydamak is suspected transferring money from the bank after learning that the police had launched an investigation into the branch.

Published by Globes [online], Israel business news - www.globes-online.com - on May 19, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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