By Zvi Zrahiya

Chairman of the Knesset Finance Committee Moshe Gafni has established an ad hoc sub-committee to report on restitutions to Holocaust survivors, which are estimated to total hundreds of millions of shekels, including alleged funds held by Bank Leumi. The committee, to be headed by MK Zeev Bielski, is to submit its first report within one month.

According to the Company for Restitution of Holocaust Victims Assets, Bank Leumi had passed some funds belonging to Holocaust victims to the British authorities of Palestine, which then passed it on to the Israeli government. Advertisement

The bank is being sued to repay linkage and interest differences for the entire period in which it held the assets belonging to the heirs of the deceased. Additionally, other funds have never been transferred from the bank and remain there in a dormant account. The bank is being sued to return these funds in real value to the successors of the original owners.

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