Israel court convicts former finance minister of embezzlement

Israel court convicts former finance minister of embezzlementTel Aviv  - A Tel Aviv court convicted Monday former Israeli finance minister Avraham Hirchson of embezzlement, for stealing millions of shekels from the National Federation of Workers (NFW) over a seven-year period, and of illicitly obtaining funds.

Hirchson was indicted on multiple counts of larceny, executive theft, fraud, breach of trust, illicitly obtaining funds, money laundering and falsifying corporate documents, for allegedly embezzling about 4 million shekels (over 1.2 million dollars) during his tenure as head of the NFW between 1998 and 2005.

He received monthly payments of 25,000 shekels (6,200 dollars) for expenses, as well as large sums of money for trips abroad, medicines, holiday "bonuses," and for political activity that included two primary campaigns for the Likud party.

The NFW also paid more than 120,000 shekels (30,000 dollars) for Hirchson's restaurant bill for meals on the weekends, when he was not working, and in parliament.

Prosecutors said Hirchson used the money to pay off large debts accumulated by his son.

During the trial Hirchson at first denied the accusations, then expressed regret, then tried to portray himself as a victim.

The judge however refused to accept his explanations.

"His central failure was that he did not present one single, honest explanation," Justice Bracha Ophir-Tom wrote in her verdict.

"The court's message is clear: Those who serve in senior positions also bear full responsibility, because if they don't what is the point of them sitting there?" she said.

Hirchson is one of several high-profile Israeli politicians under police investigation or on trial.

Former president Moshe Katsav is currently on trial over allegations of rape, sexual harrassment and committing an indecent act.

Former premier Ehud Olmert also faces possible incitement on charges of fraud, breach of public trust and receiving illicit funds, much of it in cash, from a US businessman, and for having multiple- billed travel expenses while serving in public office in the years before he was elected premier in March 2006.

And Foreign Minister Avigdor Lieberman is currently being investigated by police on suspicion of suspicions of money- laundering, bribe-taking, fraud and breech of trust.(dpa)