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      Free Daily Israel Report
      Archive: 3/18/2010
      10:28
      Reported

      News Brief

        3/18/2010, Nisan 3, 5770

      Psagot: We Have Full Faith Investigation Will be Fair


      Officials of the Psagot investment house said that they had full faith that an investigation against senior members of the organization's staff would be conducted fairly. Three senior officials of the company were arrested last month on charges that they manipulated the price of one of the company's large investment funds, for the benefit of large investors and themselves.

      In a statement, Psagot said that the company “has full faith in the authorities and the legal system. We stress again as we have in the past that the questions involved in this investigation have no bearing on the investments of customers of Psagot.”