Frenkel accused of claiming funds not due him

- Central Banking staff
- 01 May 2002

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ISRAEL - Israel's state audit office said on Monday former Bank of Israel Governor Jacob Frenkel, who stepped down in 2000 after nine years in office, had claimed thousands of dollars not due to him. A spokesman for Frenkel in Tel Aviv dismissed all the claims and said all actions taken were strictly consistent with all regulations and practices, however.

In his annual report State Comptroller Eliezer Goldberg said Frenkel had received 100,000 shekels ($20,000) to which he was not entitled for

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