Reidblog [The Reid Report blog]

It has been revealed that Israeli Chief of Staff Lieutenant General Dan Halutz sold his shares hours after his two soldiers were kidnapped by Hezbollah on July 12.

Claiming that “he did not expect a war to break out at that time,” Halutz reportedly sold his shares just a few hours after the kidnapping of the soldiers, Israeli newspaper Yedioth Ahronoth wrote.

According to the first report published in Maariv newspaper, the shares were estimated to worth around $27,900, and wrote that Israeli officers reacted against the behavior of Halutz at the time.

“The chief of staff is working day and night to defend the citizens of Israel and digging into his personal affairs is not appropriate," read a statement released by the Israeli army.

The Tel Aviv Stock Market had started to fall following the start of attacks against Lebanon.