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News Brief

August 21, 1963
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Criticism of investment in private industry by government officials led today to a report to the Treasury that, while there was no conflict of interest involved, such investing was no longer desirable. Dr. Yitzchak Nebenzahl, Israel state controller, found that, while formerly such investing was considered a public service as an example to others to speed development of Israel’s economy, it was no longer necessary. His investigation, made at the request of the Treasury, indicated that there were no grounds to suspect any unethical tie between performance of duties and the investment.

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