“One of Israel’s top economists on Monday withdrew his candidacy as head of the central bank over an old shoplifting case.  The incident happened in a Hong Kong airport seven years ago. Jacob Frenkel told Israeli media he mistakenly thought his companion paid for an item he was carrying.  A committee reviewing his appointment raised questions about the incident, and Frenkel decided to withdraw his candidacy. Frenkel did not report the incident to the committee.”

http://abcnews.go.com/International/wireStory/economist-withdraws-bank-israel-candidacy-19806876

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