Last update – 02:36 30/12/2005

By Amiram Barkat, Haaretz Correspondent

The Jewish Colonial Trust (JCT), a company holding Holocaust victims’ assets, is bitterly opposed to transferring the money to a government-owned company mandated by a recent Knesset law to restore the funds to survivors. The majority of the JCT’s 70,000 Jewish shareholders died under the Nazis, but the company insists on continuing to manage its $500 million holdings.