The Tel Aviv District Court today convicted Dan Dankner, the former chairman of Bank Hapoalim (TASE: POLI) on charges of fraud and breach of trust, and harming the proper management of a banking corporation.
The Judge Zvi Gurfinkel accepted the plea bargain the prosecutor reached with Dankner. At the start of the hearing, the prosecutor, Adv. Maor Even-Hen of the State Prosecutor Economic Division, filed a revised indictment with the court as part of the plea bargain.
Even-Hen said that the prosecution would seek jail time for Dankner in addition to the NIS 1 million fine that Dankner agreed to pay on his conviction.
Dankner's lawyer, Adv. Navot Telzur, said that the parties held intensive negotiations on the plea bargain. "The plea bargain includes the dropping of the severe offenses attributed to my client, money laundering and fraudulent receiving, and it is balanced and proper," he said.
Published by Globes [online], Israel business news - www.globes-online.com - on October 17, 2013
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