Israeli trustee rejects plan to sell Bank Leumi shares to help Holocaust survivors
Company set up to seek heirs of Holocaust victims and safeguard their unclaimed assets says it can't use those assets to aid Israeli survivors.
A plan to provide additional funds to Holocaust survivors by selling Bank Leumi shares was rejected by the Company for Location and Restitution of Holocaust Victims' Assets on Wednesday. The company was asked in a letter sent by two attorneys to use its shares in the investment fund Jewish Colonial Trust to pressure the latter to sell its holdings in 73.2 million shares of Bank Leumi and issue a dividend. The...
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