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Ex Israeli PM Olmert jailed for corruption

Sarfraz Ali 02:54 PM | 25 May, 2015
Ex Israeli PM Olmert jailed for corruption
JERUSALEM (Web Desk) - A court in Jerusalem has sentenced former Israeli Prime Minister Ehud Olmert to eight months in prison for fraud and breach of trust, the BBC reported on Monday.

He was convicted at a retrial in March of accepting illegal payments from an American businessman while he served as mayor of Jerusalem and trade minister.

Last year, he was sentenced to six years in prison for accepting bribes.

Olmert has denied any wrongdoing and will remain free until his appeals against both convictions are heard.

A Supreme Court decision on the first appeal is expected in the next couple of months.

If he is unsuccessful OImert will become the first former head of government in Israel to be jailed.

Olmert served as prime minister from 2006 to 2009. He was forced to resign amid a flurry corruption allegations, which ended his political career and disrupted the peace process with the Palestinians.

In 2012, Olmert was acquitted of fraud, concealing fraudulent earnings and breach of trust in connection with donations received from a New York-based financier, Morris Talansky between 1997 and 2005.

However, a retrial was ordered after a former aide, Shula Zaken, accepted a plea bargain and testified against Olmert. Ms Zaken gave prosecutors diary entries and tape recordings of conversations in which Olmert referred to receiving the money.

Olmert was found guilty of fraud and breach of trust in March and on Monday was sentenced to eight months in jail. He was also given a suspended sentence of an additional eight months and fined 100,000 shekels ($25,000; £16,000).

The Jerusalem District Court said the sentence recognised Olmert's contributions to Israeli society, but noted that "a blag flag hovers over his conduct".

Olmert's lawyer Eyal Rozovsky said they were "very disappointed" by the sentence.

The former prime minister has always insisted that he is innocent and has described the allegations against him as "a brutal, ruthless witch-hunt".

The 69-year-old is also appealing against the six-year sentence he was given in May 2014 in connection with a real estate deal at took place when he was mayor of Jerusalem in the 1990s.

He was convicted of accepting bribes in return for speeding up a controversial residential development, known as Holyland, in the heart of the city.

Sarfraz Ali
Sarfraz Ali

Sarfraz Ali is working as Editor Web for Daily Pakistan. He earned a postgraduate degree in Mass Communication from IUB and diploma in International Print Journalism from Thomson Foundation UK. He regularly writes on ...

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KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on January 28, 2023 (Saturday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 263.9 266.15
Euro EUR 275.75 278.5
UK Pound Sterling GBP 313 316
U.A.E Dirham AED 69.75 70.45
Saudi Riyal SAR 67.25 67.9
Australian Dollar AUD 178.5 180.9
Bahrain Dinar BHD 644.19 652.19
Canadian Dollar CAD 187.5 189.70
China Yuan CNY 35.71 36.11
Danish Krone DKK 35.38 35.78
Hong Kong Dollar HKD 30.94 31.29
Indian Rupee INR 2.97 3.08
Japanese Yen JPY 2.50 2.54
Kuwaiti Dinar KWD 793.10 802.15
Malaysian Ringgit MYR 57.02 57.62
New Zealand Dollar NZD 156.69 158.69
Norwegians Krone NOK 24.46 24.76
Omani Riyal OMR 629.39 637.39
Qatari Riyal ‎QAR 66.54 67.24
Singapore Dollar SGD 184.38 186.38
Swedish Korona SEK 25.31 23.81
Swiss Franc CHF 263.01 265.51
Thai Bhat THB 7.38 7.53

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs209,600 on Saturday. The price of 10 grams of 24k gold was recorded at Rs174,990.

Likewise, 10 grams of 22k gold were being traded for Rs157,300 while a single tola of 22-karat gold was being sold at Rs 178,500.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 209,600 PKR 2,220
Karachi PKR 209,600 PKR 2,220
Islamabad PKR 209,600 PKR 2,220
Peshawar PKR 209,600 PKR 2,220
Quetta PKR 209,600 PKR 2,220
Sialkot PKR 209,600 PKR 2,220
Attock PKR 209,600 PKR 2,220
Gujranwala PKR 209,600 PKR 2,220
Jehlum PKR 209,600 PKR 2,220
Multan PKR 209,600 PKR 2,220
Bahawalpur PKR 209,600 PKR 2,220
Gujrat PKR 209,600 PKR 2,220
Nawabshah PKR 209,600 PKR 2,220
Chakwal PKR 209,600 PKR 2,220
Hyderabad PKR 209,600 PKR 2,220
Nowshehra PKR 209,600 PKR 2,220
Sargodha PKR 209,600 PKR 2,220
Faisalabad PKR 209,600 PKR 2,220
Mirpur PKR 209,600 PKR 2,220

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