16:23
Reported

News Brief

  6/2/2011, Iyar 29, 5771

Ban on Business Ties with Iran Proposed


On Sunday, the ministerial committee on legislation will discuss a proposal by Member of Knesset Carmel Shama-Hacohen that will prohibit the government from investing in companies that maintain business connections with Iran. The proposal follows reports that ships owned by the Ofer brothers have transported Iranian cargos. On Wednesday, former Mossad intelligence chief Meir Dagan said that there was no law prohibiting their activity.

The law is similar to the ban being observed by the United States. It calls for a year imprisonment and a 50-million-shekel fine for violators, and is being co-sponsored by about 30 Knesset members.