German firm agreed to terms after winning contract to build patrol boats for the navy in deal now shadowed by Case 3000
The German industrial group ThyssenKrupp has delayed making reciprocal-purchase agreements to buy or invest 700 million shekels ($202 million) in Israeli industry as it promised when it won a contract to build patrol boats for the Israeli Navy.
The boats are part of a deal that also includes submarines that is at the center of the Case 3000 investigation, which has ensnared a group of people close to Prime Minister Benjamin Netanyahu.
At the start of this month Economy and Industry Minister Eli Cohen said at a cabinet meeting that Israel must continue to require reciprocal- purchase agreements with Israeli industry when the government awards a clutch of giant infrastructure contracts over the next few years. Cohen said such agreements could yield contracts worth 74 billion shekels ($21.3 billion at current exchange rates) to the economy.
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