AGL 34.89 Decreased By ▼ -0.31 (-0.88%)
AIRLINK 129.55 Increased By ▲ 6.32 (5.13%)
BOP 5.15 Increased By ▲ 0.11 (2.18%)
CNERGY 3.84 Decreased By ▼ -0.07 (-1.79%)
DCL 8.09 Decreased By ▼ -0.06 (-0.74%)
DFML 44.34 Increased By ▲ 0.12 (0.27%)
DGKC 75.25 Increased By ▲ 0.90 (1.21%)
FCCL 24.60 Increased By ▲ 0.13 (0.53%)
FFBL 49.30 Increased By ▲ 1.10 (2.28%)
FFL 8.85 Increased By ▲ 0.07 (0.8%)
HUBC 142.50 Decreased By ▼ -3.35 (-2.3%)
HUMNL 10.50 Decreased By ▼ -0.35 (-3.23%)
KEL 3.97 Decreased By ▼ -0.03 (-0.75%)
KOSM 7.90 Decreased By ▼ -0.10 (-1.25%)
MLCF 33.00 Increased By ▲ 0.20 (0.61%)
NBP 56.85 Decreased By ▼ -0.30 (-0.52%)
OGDC 144.50 Decreased By ▼ -0.85 (-0.58%)
PAEL 25.50 Decreased By ▼ -0.25 (-0.97%)
PIBTL 5.78 Increased By ▲ 0.02 (0.35%)
PPL 116.30 Decreased By ▼ -0.50 (-0.43%)
PRL 24.05 Increased By ▲ 0.05 (0.21%)
PTC 11.05 No Change ▼ 0.00 (0%)
SEARL 58.80 Increased By ▲ 0.39 (0.67%)
TELE 7.48 Decreased By ▼ -0.01 (-0.13%)
TOMCL 41.15 Increased By ▲ 0.05 (0.12%)
TPLP 8.65 Increased By ▲ 0.34 (4.09%)
TREET 15.15 Decreased By ▼ -0.05 (-0.33%)
TRG 54.55 Decreased By ▼ -0.65 (-1.18%)
UNITY 27.88 Increased By ▲ 0.03 (0.11%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,646 Increased By 74.6 (0.87%)
BR30 27,117 Decreased By -158.3 (-0.58%)
KSE100 82,136 Increased By 677.1 (0.83%)
KSE30 26,037 Increased By 237.2 (0.92%)

Prime Minister Ariel Sharon's son pleaded guilty on Tuesday in a campaign funding scandal that could pose a challenge to the Israeli leader ahead of expected early elections.
Omri Sharon, a lawmaker and key adviser to his father, had previously said he would argue against charges he set up shell companies to funnel foreign donations to his father's 1999 race to head the right-wing Likud Party.
But Omri Sharon's attorney said at the opening of his trial in Tel Aviv that he would not contest some of the counts on the indictment as part of a plea bargain with state prosecutors.
"It was important for Omri to plead guilty and take full responsibility," attorney Dan Sheinmann told reporters.
Although no charges were brought against the prime minister in the case, the scandal has embarrassed him at a time when he battles Likud hard-liners angered by the Israeli pullout from Gaza and struggles to keep together his coalition government.
Omri Sharon had been accused of perjury, fraud, and breach of trust, which carry a maximum 7-year prison sentence. Under the plea bargain, he pleaded guilty to reduced charges of forgery and violating campaign laws that limit foreign funding.
Lawyers have asked prosecutors to levy a cash fine only. The Justice Ministry said it would seek jail time, though this was expected to be less than the 4 years allowed by law.
Israeli television has said that Omri Sharon could be offered a nine-month prison term, on condition he quit politics.
Sharon had denied any wrongdoing in the case, saying Omri and a second son, Gilad, alone handled the financing for his 1999 primary campaign. Attorney-General Menachem Mazuz decided in February against indicting the prime minister, citing lack of evidence following a three-year investigation. Related charges were dropped against two of Sharon's former senior advisers.
Sharon is expected to face early elections next year as a surprise leadership change in the Labour party, a key partner, has brought his ruling coalition to the verge of collapse.

Copyright Reuters, 2005

Comments

Comments are closed.