A shoplifting allegation against incoming Bank of Israel Governor Jacob Frenkel resurfaced last week.
In an incident which was reported in the Israeli press seven years ago, Mr Frenkel allegedly stole perfume from a duty free shop in Hong Kong airport.
Mr Frenkel’s apparent failure to report the 2006 incident to the Turkel Committee — the body set to approve his appointment this week — could have ramifications for his ability to take up the role.
Mr Frenkel, 70, was detained by local authorities Hong Kong and prevented from boarding his flight after being accused of walking off with the perfume. Mr Frenkel has dismissed the incident as “an unfortunate misunderstanding”.
