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Thursday, June 19, 2014

Trading with Iran to bribe Israel?

I've reported on this blog before regarding the massive amounts of trade with Iran by Germany in general, and by electronics giant Siemens in particular. Things are so bad that at one point, then-Finance Minister Yuval Steinitz proposed barring Israelis from investing in Siemens. It now turns out that some Israelis have made a different kind of investment in Siemens. Or rather, that Siemens has made an investment in them (Hat Tip: Sunlight).
The gag order was lifted today that the Israel Securities Authority and Israel Police questioned under caution four men on suspicion of involvement in receiving $16 million in bribes from Siemens AG (NYSE: SI; XETRA: SIE) to rig the Israel Electric Corporation (IEC) (TASE: ELEC.B22) tender for power station turbines. The four men are former Siemens Israel Energy and Industry Division manager Oren Aharonson; Oakfield Ltd. owner Shlomo Daniel,
Aharonson's brother-in-law; forex trader Anton Mitchell Dalin, an associate of Aharonson; and Haim Bar-Nir, who served as IEC planning division deputy manager unit at the time, and recently left the company.
Former District Court Judge Dan Cohen is already serving a six-year sentence in the case, for taking a NIS 4 million bribe from Siemens. Aharonson was the state's witness against the judge.
Aharonson and his associates are suspected of being the middlemen in transferring Siemens' $16 million bribe to Bar-Nir and Dalin, through various foreign bank accounts. Aharonson is also suspected of obstructing the investigation and obstruction of justice by not handing the police information about the bribe. Aharonson and Daniel are also suspected of being beneficiaries of the bribe through commissions they took as its facilitators.
The bribery case in Israel is part of a worldwide scandal at Siemens involving $1.4 billion in bribes to facilitate deals.
I've discussed what makes Israelis behave so selfishly here, among other places. 

In any event, one cannot help but wonder whether there is a connection between money taken from Iran and money used to bribe Israel. Yes, Israel, because in case you've forgotten, Israel Electric Corporation is a government company.

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At 11:33 PM, Blogger Sunlight said...

Israel Electric Company is a government company? Well, they also are listed as "customer" for the next $1.1 BBillion tranche of Obama/Clinton/Kerry Gaia Green Fraud $lu$h... Brightsource's next overpriced-for-the-kWh Birdmelter to be built in the beautiful Negev, to be called Ashalim.


PS I'm one of the biggest supporters of Israel and of effective technologies you'll ever find. This Green $lu$h is a Political Payment. For something. It's not too late to say no to Gaia Ruination.

At 11:52 PM, Blogger Carl in Jerusalem said...





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