Subscribe to Print Edition | Fri., January 16, 2009 Tevet 20, 5769 | | Israel Time: 01:52 (EST+7)
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Former union boss convicted in theft
By Amit Benaroia

The former chief executive of the National Workers Federation, Yitzhak Russo, was convicted of a series of serious crimes yesterday by the Tel Aviv District Court after pleading guilty as part of a plea bargain.

Russo admitted to theft by a manager, fraud and breach of trust, money laundering, falsifying of corporate documents, abetting of theft and money laundering as part of a plea bargain, and admitted to stealing NIS 335,000 from the NWF, and to assisting in the theft of another NIS 565,000.
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Russo is a former associate and current adversary of disgraced former finance minister Avraham Hirschson, who was convicted in the same case. The parties to the plea bargain have not agreed on the sentence, but the prosecution will ask for a 20-month prison term. However, the sides agreed that Russo will pay a NIS 300,000 fine to the victim of the theft, the NWF.

Sources in the Justice Ministry said the agreement was presented to the current heads of the NWF, who had approved the deal before it was submitted for the court's approval.
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