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Israel, Germany sign scandal-plagued submarine sale

An Israeli navy sailors stand atop a new submarine "Rahav" upon its arrival in to the military port in Haifa, Israel, Tuesday, Jan. 12, 2016
AP Photo/Ariel Schalit

Germany approved the scandal-plagued sale of three Thyssenkrupp submarines to Israel and signed a memorandum of understanding green-lighting the deal on Monday.

Israeli Prime Minister Benjamin Netanyahu said he welcomed the signing, describing the deal as being "of strategic to Israel's security".

The approximately $2 billion deal is currently at the center of a corruption investigation in Israel, and his been shrouded in controversy following the arrest of several Israelis on suspicion of offences including bribery and money laundering around the deal to buy the Dolphin submarines from German industrial giant ThyssenKrupp.

The ongoing investigation involves officials from the Israeli security establishment, as well as several people working locally for ThyssenKrupp.

Israeli media has reported that Prime Minister Benjamin Netanyahu is likely to be questioned in the investigation, which has already ensnared his personal lawyer David Shimron.

Germany stressed on Friday that an agreement had not been finalized and signed, after Israeli officials implied it was a done deal.

The memorandum of understanding will reportedly include a caveat that the deal will be scrapped should corruption charges be proven at the end of the investigation.

See also:

Ex-ThyssenKrupp employee in Israel turns state witness in submarine graft probe

Ex-minister named in submarine affair, energy minister likely to be quizzed

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