Bank of #Israel governor Shoplifts Perfume?

The nominee for the position of Bank of Israel governor, Professor Jacob Frenkel, testified for the second time Friday before the Public Service Nominations Committee regarding the alleged shoplifting affair that may delay his confirmation to the post.

The Public Service Nominations Committee, headed by Justice (ret.) Jacob Turkel, had initially approved Frenkel's nomination but was required to review its decision following allegations that surfaced last week suggesting Frenkel was involved in a shoplifting incident in a Hong Kong airport in 2006.

Initial reports cited that the item in question was a perfume bottle, but according to a Channel 2 report, Frenkel told the committee the item was a garment bag.

According to the report, the intended bank governor confirmed that seven years ago, while returning from a financial conference in Honk Kong, he and one of his colleagues entered the duty free shop at the air port and as they were leaving, a security official stopped them, claiming Frenkel had not paid for a garment bag he was carrying.

"This incident took place seven years ago and ended in nothing. Local authorities in Hong Kong reached the conclusion that this was an unfortunate misunderstanding, and expressed their appreciation that I did not sue them for compensation. I expect to take office as Governor of the Bank of Israel in early October, after my appointment is approved by the Turkel Committee and the cabinet," Frenkel told Channel 2.

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