Jacob Frenkel drops bid for Bank of Israel chief amid probe into Hong Kong shoplifting affair
The probe began after it came to light that when submitting his candidacy, Professor Jacob Frenkel had omitted mention of his 2006 detention at the Hong Kong airport.
Prime Minister Benjamin Netanyahu's choice for the next Bank of Israel governor has withdrawn his candidacy for the post, after an investigation was opened into an alleged 2006 shoplifting affair at the Hong Kong airport.
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