Category: Israel

Germany delays official signing of sub deal over corruption investigation by Israel

JERUSALEM (JTA) — Germany has delayed the official signing of an agreement to sell three new submarines to Israel over a corruption investigation into the multibillion-dollar deal.

The signing of the official memorandum of understanding for the sale had been scheduled for next week in Germany but has been postponed indefinitely, Ynet reported Tuesday.

Germany, which has committed to paying one-third of the deal, had already authorized the sale of the submarines made by the German company ThyssenKrupp to Israel. But a clause allows the agreement to be canceled if the investigation finds that it came about due to bribery…