Six former officials at a large Israeli agency were indicted Monday on a range of corruption charges, according to multiple reports.
The half-dozen alleged crooks had worked in various positions of power for the Israel Electric Corporation, a government-owned company that supplies electricity to people and businesses in the Jewish state.
The men were charged with bribery, money laundering, fraud and breach of trust. They are suspected of having received millions of dollars in bribes from Siemens, the German electronics company, so that Siemens would win lucrative contracts in Israel.
That money was reportedly transferred to Swiss bank accounts and smuggled out of Israel in cash-stuffed suitcases, according to Globes, the Israeli business daily.
The settlement was announced by Israel's Justice Ministry, which has been investigating whether Siemens paid millions of dollars in bribes to officials at Israel Electric Corp to win contracts from 1999 to 2005, Reuters reported.
Corruption in Israel is rampant. In December, the Israeli Supreme Court ruled that one-time Prime Minister Ehud Olmert would spend 18 months in prison for bribery and obstruction of justice. Olmert entered prison in February, becoming the first Prime Minister of the country to spend time behind bars.
In Dec. 2014, two dozen senior Israeli officials were arrested in a high-profile graft scandal.
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