Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe
Breaking News

Jacob Frenkel Drops Bank of Israel Governor Candidacy

Prime Minister Benjamin Netanyahu’s choice for the next Bank of Israel governor has withdrawn his candidacy for the post, after an investigation was opened into an alleged 2006 shoplifting affair at the Hong Kong airport.

The probe began after it came to light that when submitting his bid, Professor Jacob Frenkel had omitted mention of his detention in Hong Kong.

Frenkel allegedly was detained because he had walked out of a duty free shop with an expensive garment bag that had not been paid for.

In an interview with Channel 2 on Monday, Frenkel lamented that despite his willingness to set his own plans aside and “lend a hand” by accepting the post of the central bank’s governor, he has become the subject of slanderous accusations.

Engage

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.