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Shlomo Eliyahu, who holds almost ten percent of the stock of Bank Leumi petitioned the Supreme Court on Sunday to make the government explain why it has not sold its remaining 11.46 percent control of Bank Leumi. The petition notes that it has been 16 years since a law on shares was supposed to expedite the sale of the shares.
The petition contends that the state essentially funds the bank's directorate, denying the rest of the stockholders the influence due them.