NEWS ON EHUD OLMERT'S INVOLVEMENT IN BANK LEUMI SCANDAL

State prosecutor is supposed to issue a decision on an indictment following this investigation:

(IsraelNN.com) Testimony by Prime Minister Ehud Olmert before the National Fraud Investigation Unit in the next few days is expected to clinch a decision by State Prosecutor Eran Shendar as to whether to issue an indictment in the Bank Leumi privatization affair.

Investigators will grill the prime minister about his involvement in the sale of the government shares in the bank during his reign as acting Finance Minister. The tender was issued by Olmert in November 2005, during the term of former Prime Minister Ariel Sharon.

Olmert is suspected of using his position to help two business associates compete in the bidding for the bank shares. One of the two, Australian business tycoon Frank Lowy, was set to become a controlling shareholder in Bank Leumi after it was privatized.

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State Prosecutor Eran Shendar is right now deciding whether or not to proceed with the investigation of the Prime Minister, or even to indict him. Olmert's future months therefore depend heavily on the lengthy testimony he is expected to give in the next few days.

I'm going to keep an eye out for further developments on this.