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Zionist Official Indicted in Israel; Charged with $170,000 Embezzlement

January 10, 1962
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A 78-count indictment charging chiefly embezzlement of $170,000 from the funds of Keren Hayesod, the Palestine Foundation Fund, was lodged in the District Court here today against Ephraim Margalit, former head of the Keren Hayesod office in Paris. If convicted, the accused is liable to seven years’ imprisonment on each embezzlement charge.

The largest single defalcation charged to Margalit is his alleged pocketing of $20,000 donated to Keren Hayesod by Barond Edmond de Rothschild; Margalit has been under arrest here for two and a half months. The prosecutor requested the court to order him detained until his trial.

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