In a harshly worded letter addressed to Israeli Prime Minister Benjamin Netanyahu, Israeli Attorney General Gali Baharav-Miara accused the premier of violating the conflict of interest agreement that allows him to govern during his ongoing corruption trial, describing his statements Thursday night and any further involvement in the coalition's judicial overhaul plan as "illegal and tainted by a conflict of interest."

Baharav-Miara's letter came after Netanyahu declared that he would no longer follow the conflict of interest agreement and would instead become heavily involved in the developing, hotly contested judicial reform legislation.

Earlier, Shin Bet chief Ronen Bar met with Netanyahu and warned him that "Israel" was heading into a very dangerous place, Israeli media reported.

"The combination of the security threats and the social situation in the context of the [judicial overhaul] legislation are taking Israel to a dangerous place," Israeli Channel 12 quoted Bar as saying.

The Ynet news website also said that Bar presented Netanyahu "with a very dark" picture of the consequences of the so-called "judicial reform".

According to the i24NEWS website, this is not the first time that the Shin Bet chief has warned Netanyahu about the threats.

The website added that Israeli occupation Security Minister Yoav Gallant has backed calls to pause the legislative process for dialogue with its opponents.

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It was also claimed that Israeli occupation forces Chief of Staff Herzi Halevi lately provided Netanyahu with intelligence files that included clear warnings of the consequences.

I24NEWS highlighted that since the Israeli government began the legislative process, one of the main threats that were the focus of the talks between the Israeli occupation heads of the security and military establishment and Netanyahu was the repeated calls for refusal to report for duty made by reservists.

Read more: Netanyahu greater threat to 'Israel' than Iran, Hezbollah: Lieberman

'Judicial reform' to lead to significant hit to Israeli economy

In a related context, senior officials at the Israeli occupation Finance Ministry discussed the economic consequences of the "judicial overhaul", the Israeli business daily Globes reported on Tuesday.

The website said Budgets Division head Yogev Gardos suggested that the Israeli occupation government's measures "are liable to lead to a downgrade in Israel's sovereign credit rating that will increase the state's debt burden by some NIS 7 billion annually and bring about a loss of economic growth of about 5.6%."

Chief economist at the Israeli occupation Ministry of Finance, Shira Greenberg, warned that the "implementation of the proposed legal reform is liable to lead to a very significant hit to the Israeli economy."

Last Monday, the Israeli Walla! website reported that in light of the "judicial overhaul", the dollar crossed the threshold of 3.70 shekels, reaching its highest rate in four years.

"Israel" is witnessing protests against the government of Israeli Prime Minister Benjamin Netanyahu, especially its plans related to judiciary reforms. This is not all; many have warned that a "civil war" was just around the corner for the Israeli occupation. pic.twitter.com/Hza4rScjFu

— Al Mayadeen English (@MayadeenEnglish) March 5, 2023

This is happening as riots sweep "Israel" in protest of the "judicial overhaul" after Netanyahu rejected an appeal for compromise proposed by the Israeli occupation President Isaac Herzog.