Israeli police said Thursday at the conclusion of a long-running "submarine affair" investigation that there was sufficient evidence to indict a lawyer for Prime Minister Benjamin Netanyahu for corruption-related offenses.

Police said that they had evidence that David Shimron, a relative of Netanyahu and his family lawyer, "committed bribery offences and money laundering" during negotiations between German industrial giant ThyssenKrupp and the Israeli government over the purchase of new submarines for Israel's navy.

Shimron, who also represented the German firm’s interests in Israel, is suspected of using his positions and association with the prime minister to advance the multi-billion dollar deal despite push-back from the Ministry of Defense.

The statement said a former chief of Netanyahu's office, David Sharan, is also suspected of bribery, as is the former head of the navy, Major General Eliezer Marom.

Responding to the police's recommendations Thursday morning, Shimron was adamant that he had not committed any offense and that he did not believe a case would be filed against him.