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Expanding Israeli Corruption Probe Batters Energy Shares

  • Probe could widen beyond investigation of submarine purchases
  • Delek, Israel’s largest gas company, falls 4.3 percent
Updated on

Israeli gas company shares plunged on Sunday after a news report suggested that police investigators scrutinizing the purchase of submarines may expand their probe to the gas industry.

Delek Group Ltd., Ratio Oil Exploration 1992 LP and Isramco Negev 2 LP were all sharply down in Tel Aviv after Channel 2 reported on Friday that police may begin to question politicians in connection with decisions regarding the energy sector.