Barak Puts Apartment on the Market

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CBNNews.com - TEL AVIV, Israel - Israeli Defense Minister Ehud Barak put his luxury Tel Aviv apartment on the market for more than $11 million.

Barak purchased the apartment on the 31st floor of the Akirov Towers in 2003 for $2.3 million.

Meanwhile, Barak's second wife, Nili Priel, is closing the public relations firm launched several months ago, which she ran from the apartment. The firm offered consulting services to companies interested in investing in Israel.

A complaint submitted to State Comptroller Micha Lindenstrauss from a watchdog agency, alleging that Priel was exploiting her husband's connections in government and business, prompted a preliminary investigation.

The consulting firm, Taurus, charged a $30,000 annual fee to introduce investors to the movers and shakers in Israeli politics and businesses. Priel, in turn, would receive a percentage of any profits that resulted from contacts she arranged.

Priel issued the following statement following a decision to close the business.

"The company's activity was a continuation of my business activity for decades. It was in keeping with all the regulations, and its establishment has been reported in advance to the authorities. But in recent days, I have reached the conclusion that this was not enough and that even appearances could be used to harm my husband, Ehud Barak. Therefore, I have decided to close the company down. The Registrar of Companies will be informed of this in the next 24 hours," the statement read.

Barak and Prili left their respective spouses in 2003, shortly before Barak quit politics to embark on a lucrative business career. In the spring of 2007, he re-entered politics, winning the Labor party primaries, replacing Amir Peretz as chairman and defense minister in the Olmert government.

Sources: The Jerusalem Post, YNet

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