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Saturday, April 18, 2009

Police drops Olmert's real estate case

Israeli police have closed one of the investigations into outgoing prime minister Ehud Olemrt's corruption scandals, citing lack of evidence.

The case looked into allegations around a suspicious real estate deal, saying Olmert -- then the mayor of Jerusalem (al-Quds) -- purchased a home in an exclusive neighborhood in the city far below market price in exchange for favors to the builder.

Police spokesman Micky Rosenfeld said on Thursday that the "Cremieux Street case" had to be dropped as the police had not been able to find evidence "that illegal acts were carried out on behalf of Ehud Olmert."

Mounting criticism of Olmert's poor performance during incumbency in the Israeli cabinet as trade and industry minister (2003-2006) along with his mistake-riddled period in prime minister's office and particularly during the 2006 Lebanon war led him to announce his resignation in September.