Israel’s Bank Leumi Is Hoarding up to $118 Million of Holocaust Victims’ Money
Many Jews deposited their money in the bank on the eve of the Second World War, but the bank piled numerous difficulties on survivors and heirs looking to get their money back after it ended
Raheli Bindman | 10:19 07.11.2019
An expert opinion submitted to an Israeli court claims Israel’s Bank Leumi is hoarding between NIS 172 million (approximately $50 million) and NIS 414 million (approximately $118.5 million) belonging to Holocaust survivors, victims, and their heirs. On the eve of the Second World War, many European Jews deposited money with the Anglo-Palestine Company, founded in 1902 as a subsidiary of the Jewish Colonial Trust Ltd., renamed Bank Leumi in 1950 following the establishment of Israel. In 2007, after a parliamentary committee on the rights of Holocaust survivors produced its findings and a legal ammendment was passed regarding the assets of Holocaust victims, the bank was accused of holding on to much of that money.
Not a surprise. This is the underbelly of so-called Zionism. If I had stock in Bank Leumi, I would sell it now, before the bank has to pay up. On the other hand, if the charges didn’t stick several years ago, why would they stick now? One question I would ask the judge assigned this case: Do you have any financial connection to Bank Leumi so that s/he can recuse her/himself — strangely enough, something rarely heard of in Israel. Or not so strangely. Just another bit of corruption...