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.
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