| Israel launches war probe; top general defends stock sale |
JERUSALEM (CNN) -- Israel's government named a former military chief of staff to investigate the conduct of the war with Lebanon's Hezbollah militia Wednesday, as the current chief fended off allegations that he wrongly dumped stock at the conflict's outset.
Lt. Gen. Dan Halutz, the head of the Israel Defense Forces, admitted that he sold about $28,000 worth of stocks in the three hours following Hezbollah's abduction of two Israeli soldiers on July 12. That raid sparked the conflict that appears to have ended with a Monday cease-fire.
Israel's stock market slid sharply in the days after the fighting erupted. But in a news conference in Tel Aviv, Halutz said the sale was unrelated to the outbreak of war and criticized the disclosure of his personal financial information. (Posted 8:46 p.m.)
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