Former district court judge Dan Cohen who is charged with bribery, fraud, breach of trust and obstruction of justice will enter a plea bargain on Thursday.
Under the plea agreement Cohen will face six years in prison, four million shekels will be seized from him and he will have to pay an additional fine of six million shekels.
The plea will take place in the District Court in Tel Aviv.
Cohen was extradited from Peru in March. He was able to avoid extradition for more than seven years.
The former judge fled Israel in 2005 in the midst of an investigation into allegations that he illegally used his influence with the Israel Electric Corporation – where he served as a member of the directorate from 1991- 2001, and as chairman starting in 1993 – to aid several corporations.
He allegedly received millions of dollars worth of bribes from corporations Siemens and Rogozin in exchange for preferential treatment from the Israel Electric Corporation.
Cohen was a judge from 1978 to 1981, when he was dismissed from the judiciary for ethical violations.