Morris Talansky's lawyers on Tuesday sent a letter to State Attorney Moshe Lador, informing him that the US businessman was willing to return to Israel in order to complete the testimony he began last summer.

The letter requested that the prosecution organize a hearing.

Talansky is the key witness in the so-called 'cash envelopes' probe against Prime Minister Ehud Olmert.

In early March, Attorney-General Menahem Mazuz announced after a final review of the affair with Lador that he was prepared to indict Olmert based on Talansky's prior testimony.

In January, the US Department of Justice offered Talansky partial immunity on an assortment of money laundering, tax evasion and bribery charges, but his lawyers say the deal won't protect him from possible US prosecution.

Talansky has denied any criminal liability in the affair.

Allison Hoffman contributed to this report.

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