Last updated: October 17. 2013 7:36AM - 243 Views
Associated Press

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(AP) Israel's Justice Ministry says the former chairman of a major Israeli bank has confessed to charges of fraud and breach of trust among others as part of a plea deal.

Danny Dankner served as chairman of Bank Hapoalim between 2007 and 2009. As part of the deal, he was convicted of lying about his personal wealth, promoting bank deals that would benefit his personal business partners and obtaining a loan from Dutch bank DHB by trickery.

A statement from the Justice Ministry on Thursday said Dankner agreed to pay a 1 million shekel ($282,000) fine and will be further sentenced in a later court hearing.

Dankner was forced to step down under unprecedented pressure from Israel's central bank and was arrested shortly after.

Associated Press
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