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November 29, 2015 / 17 Kislev, 5776
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Hong Kong: Frankel Faced Judge over Airport Theft

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Jacob Frenkel, who withdrew his candidacy to head the Bank of Israel over accusations that he shoplifted at a duty-free shop in Hong Kong, was arrested and charged with shoplifting, according to Hong Kong government officials.

Hong Kong’s Department of Justice said in a written response to a query from the Israeli daily Haaretz that Frenkel in November 2006 was arrested and charged with the theft of a garment bag from a duty free shop at Hong Kong International Airport and that the charges were later dropped. The letter said there was “no apology to Dr. Frenkel and the Department of Justice had not thanked him for not seeking any compensation,” Haaretz reported Wednesday.

Frenkel had called the shoplifting incident a “misunderstanding” and said the Hong Kong authorities apologized for the embarrassing incident. He said he left the store with a garment bag and thought a colleague had taken care of paying for it.

Frenkel did not disclose the incident to the Turkel Committee on Senior Appointments, which vetted his nomination.

He withdrew his candidacy on July 29, five weeks after he was nominated, and called the publicity surrounding the shoplifting incident “an attempt to burn me at the stake.”

Frenkel previously served two terms as Bank of Israel governor from 1991 to 2000.

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One Response to “Hong Kong: Frankel Faced Judge over Airport Theft”

  1. iMan9796 says:

    This same disgusting thievery is commonplace at the Port Authority Bus Terminal in NYC when it comes to lost & found property. The pubic must be aware of the crimes that are being committed against them when their lost property is stolen from the PABT’s Lost & Found Dept. by Port Authority Bus Terminal Supervisors. Google  “Donna Lebourne abc news.” & watch the video, or click on the link below.


    If you lost an item at the PABT & it was not returned to you, put in a theft report with the PAPD to get your lost item replaced because most likely your item was stolen by PABT management. 

    It would be nice to see the Port Authority aggressively go after the criminals and their enablers that they employ who engage in these same disgraceful crimes and even worse criminal acts, i.e. the unconscionable and highly illegally procedure of throwing valid lost passports found at the PABT in the garbage, for anyone to find & use for their nefarious purpose in this age of global terrorism and rampant identity theft. 

    Action must be taken against these corrupt incompetent criminals in the Port Authority before another terrorist attack takes place & more innocent lives are lost due to their blatant utter disregard about our safety & security.Google “found, stolen, trashed by PA.” See the link below.

    No one should be above the law no matter who they work for.

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