Yehoshua Benzion, former general manager of the Israel-British Bank, was convicted in District Court Thursday of theft and embezzlement of $47 million of the bank’s funds Sentence will be pronounced Sunday. The Israel-British Bank failed six months ago and was taken over by the State-owned Bank of Israel to protect depositors and creditors. Benzion was accused of having transferred the embezzled funds to a company owned by his late father-in-law, Nahum Ze’ev Williams.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
