Israel Submarine Affair: Treasury to Probe How Huge Loan for German Purchase Won Approval

Finance Ministry representatives have said behind closed doors that the security cabinet was never told about a 248 million euro loan taken to fund the purchase of ships intended to defend the natural gas rigs.

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Israel's Finance Ministry said on Tuesday in a Knesset discussion held behind closed doors that it would investigate how a loan in the sum of 248 million euros from Discount Bank was approved for the purchase...