Daily Israel Report
13:49
Reported

News Brief

  9/12/2011, Elul 13, 5771

MK Hermesh: Who Privatized Agrexco?


Chairman Shai Hermesh of the Knesset Agriculture Lobby sent an urgent letter to Finance Minister Yuval Steinitz on Monday, in which he demanded that an authorized representative of the government attend a Knesset Finance Committee hearing on the financially-troubled Agrexco, agricultural-export company on Tuesday to answer the question: who gave the order to send the government company to be dissolved? Hermesh said the process emptied Agrexco of all value, leaving creditors unpaid in amounts of hundreds of millions of shekels.

Hermesh said that certain hearings apparently were not held that would have caused the government's attempt to privatize its share of Agrexco to maximize its value. This lead to the impression that bureaucrats made the decision, bringing down the value of the company, which is being offered for sale by the court system.