Despite recommendations by the Israeli police to indict the prime minister for bribery and breach of trust, some of his poll numbers are rising.
"I can reassure you that the coalition is stable. We will continue to work with you for the good of Israel's citizens until the end of the term", Netanyahu said at a conference in Tel Aviv.
On Tuesday, the Israeli police said it had collected enough evidence to support claims that Netanyahu committed fraud and took bribes.
The Australian Federal Police interviewed Mr Packer last December and he reportedly corroborated previous testimony by Milchan that the gifts were organised in response to demands by the Netanyahus.
"After reading the recommendations report, I can say that it is a biased, extreme document full of holes, like Swiss cheese".More news: Home Depot braces for spring, prepares hiring spree
The alleged bribery scheme is part of the so-called Case 1000 by police, in which Netanyahu and his wife, Sara, are said to have received illicit gifts from billionaire benefactors, including some NIS 750,000 ($212,000) worth of cigars, champagne, jewelry and clothing from Milchan and some NIS 250,000 ($70,000) worth of gifts from Milchan's business partner James Packer.
In Case 2000, police say Netanyahu discussed "bartering" with Arnon "Noni" Mozes, the owner of one of Israel's leading newspapers, Yedioth Ahronoth, which is regularly critical of the Prime Minister.
" I am certain, as I have always been certain, and nothing has changed, that the truth will come to light and nothing will come of this". He accused police of being on a witch hunt, vowed to remain in office and even seek re-election. In the Hadashot News poll, 48 percent of those polled said that Netanyahu should resign in the wake of the allegations, while 36 percent said he did not have to resign.
Netanyahu's lawyer, Amit Hadad, said police recommendations of corruption charges are based on "false" statements. Though he is not legally compelled to resign, several opposition figures called on Mr Netanyahu to do so to avoid corrupting the office further.
Police on Tuesday published their recommendations that Netanyahu be prosecuted for breach of trust, fraud and bribery in both of the corruption cases they have been investigating.More news: Syria 'repels' Israeli spy plane days after fighter jet was downed
In his TV address, Netanyahu said that his entire three-decade political career, which included serving as Israel's ambassador to the United Nations, a stint at prime minister in the 1990s and a series of Cabinet posts, were meant only to serve the Israeli public.
But he stressed Netanyahu is innocent until proven guilty and that he would wait for the attorney general's decision.
Education Minister Naftali Bennett, who heads the far-right Jewish Home party, said: "I have chose to wait until the decision of the attorney general ..."
In addition, Mr Netanyahu's most important political rival, and his former minister of finance, has agreed to testify against his former boss about the shady laws he was allegedly pressured to formulate but refused to pass.More news: Clues to Identify Price Direction: Bank of America Corporation (BAC)