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June 26, 2016 / 20 Sivan, 5776

Posts Tagged ‘Bank Hapoalim’

‘Panama Papergate’ Exposes Global Offshore Havens, Israeli Names

Monday, April 4th, 2016

A massive document leak in Panama has been exposed by journalists who tracked down and revealed 11.5 million records that connect hundreds of thousands of offshore entities to businesspeople, celebrities, sports stars, world leaders, criminals and places around the world – including Israel.

The network was uncovered by the International Consortium of Investigative Journalists, German newspaper Süddeutsche Zeitung and more than 100 other news organizations, including Haaretz. The documents were reviewed by a team of more than 370 journalists from 76 countries.

Some 600 Israeli firms and 850 Israeli shareholders are found among the 11.5 million records of the obscure but immensely powerful Mossack Fonseca law firm, based in Panama.

Among the Israeli names mentioned in the documents, according to Haaretz, were those of attorney Dov Weisglass, former bureau chief to late prime minister Ariel Sharon, wealthy Israeli Idan Ofer and Israeli African mining industry mogul Jacob Engel. Also mentioned was Bank Hapoalim, which used the Panama law firm for management of various trust funds, up to 2011.

The firm was founded by a German who immigrated with his family after serving in Hitler’s Waffen-SS during World War II. He and his sons built Mossack Fonseca, which told ICIJ that it follows “both the letter and spirit of the law. Because we do, we have not once in nearly 40 years of operation been charged with criminal wrongdoing.”

The firm has branches in more than 35 other locations around the world and has created shell companies to hide assets for top clients, working with more than 14,000 banks, their subsidiaries and branches, law firms, company incorporators and other agents over the years.

The leaked data spans nearly 40 years, from 1977 through the end of 2015, an insider’s look at how personal money flows around the world at the very top of world leadership. Most of the offshore industry services actually are legal, but the documents reveal that shortcuts were taken by banks, law firms and other offshore players in order to ease the way for their mega clients.

The personal financial affairs of at least 12 current and former world leaders were the ‘Panama Papergate’ scandal.

Included among the top leaders were Russia’s President Vladimir Putin, Ukrainian President Petro Poroshenko, Prime Minister Sigmundur David Gunnlaugsson of Iceland, Pakistani Prime Minister Nawaz Sharif, the kings of Saudi Arabia and Morocco and the children of the president of Azerbaijan.

Offshore companies were also linked to the family of Chinese President Xi Jinping, who has vowed to fight ‘armies of corruption” as well as to 128 other international politicians and public officials.

At least 33 of those exposed were blacklisted by the U.S. government, including a firm that supplied fuel for Syrian regime aircraft that bombed and killed thousands of its own citizens, U.S. authorities charged.

The Kremlin pre-empted the report March 28 with charges the journalists’ consortium was preparing an “information attack” against the Russian president and his associates.

Hana Levi Julian

Israeli Banks Post Strong Figures for 2015

Monday, February 29th, 2016

Israel’s two largest banks posted a strong year for 2015.

Bank Hapoalim noted its annual revenue rose 2.4 percent last year to NIS 14.36 billion. Net profits rose 13.6 percent to NIS 3.08 billion, according to Globes.

Credit to the public rose 5.8 percent to NIS 278.49 billion and deposits from the public rose 8.2 percent to NIS 321.72 billion.

Bank Leumi’s annual non-interest revenue rose to NIS 6.29 billion in 2015 from NIS 5.14 billion in 2014, although net interest revenue fell to NIS 7.11 billion, from NIS 7.36 billion a year earlier.

Net profit jumped to NIS 2.83 billion for 2015, compared with NIS 1.4 billion in 2014.

Credit to the public grew 3.5 percent to NIS 261.4 billion and deposits from the public rose 8.3 percent to NIS 328.7 billion.

Jewish Press News Briefs

Dutch Pension Fund Rejects BDS

Friday, August 29th, 2014

The Netherlands’ third largest pension fund, ABP, rejected on Thursday demands from the Boycott Israel movement to disinvest from three Israeli banks that allegedly finance an Israeli presence in Judea and Samaria..

The anti-Israel Avaas organization, along with South African Archbishop Desmond Tutu had pleased with ABP to sell off shares worth more than $75 million in Bank HaPoalim, Bank Leumi and Bank Mizrachi.

ABP decided to follow the example set by another Dutch pension fund, PGGM, in January when it sold off investments in five Israeli banks.

The board of ABP, which is the pension fund for Dutch public workers, said that its investment policy bars holding shares in companies that violate the U.N. Global Compact, AFP reported. The fund’s spokeswoman pointed out that the United Nations, despite its opposition to Israel’s including Judea and Samaria as part of the country, has not declared that the banks are breaking international laws.

The Boycott Israel movement, often terms BDS for Boycott, Disinvestment and Sanctions, has caused some damage to Israel and is a long-term threat, even a strategic threat, but its effect is exaggerated by isolated “victories.”

Selling off shares in banks and companies such Caterpillar, which sells equipment to the IDF, has had a marginal effect in depressing the price on the stock market.

BDS’s “successes” often get more attention than they deserve, and one of the reasons is the inherent bias against Israel in certain media.

The New York Times ran an article on Thursday under the headline “With Gaza War, Movement to Boycott Israel Gains Momentum in Europe.”

The “momentum” referred to a British grocery store’s removing kosher products from its shelves, a London theater’s decision to boycott film funded by the Israeli government, and a plug for Britain’s national embarrassment, known as Member of Parliament George Galloway, who declared that one city in England will be an “Israel-free zone.”

Anti-Israel activists undoubtedly used the war in Gaza to fuel some local boycotts, but the exposure of Hamas for what it is – a regime of war criminals – has mooted the anti-Israel sentiment to some effect.

The anti-Israel spin on the war convinced some governments to reconsider their sales of weapons to Israel, but the long-lasting effect is questionable, especially in light of the chaos among ISIS and fellow Islamic radicals in Syria and Iraq.

After quoting several experts on the threat of a large-scale boycott of Israel, the Times admitted that “the economic impact has been small” and that “the European Union, which has been looked to for leadership on the issue, does not support the idea.”

The most harmful damage so far has been Judea and Samaria, whose products my not bear the stamp “made in Israel” in some countries.

Tzvi Ben-Gedalyahu

Updated: Be’er Sheva Bank Attack, Hostages, Dead, and Wounded

Monday, May 20th, 2013

UPDATE 4;01 PM : The bank robbery wasn’t a robbery.

New reports are now saying that the “bank robber”, a former captain in the  border police (age 40), was actually a dissatisfied client of the bank and had been recently been turned down for a NIS 6000 loan. After being denied access to account at the ATM machine on Monday, he went home, got his gun, and returned to shoot the bank manager and a teller. The man reportedly confirmed his kills on the bank staff.

The victims were identified  as branch manager Avner Cohen, 44; bank teller Meir Zeitoun, 40, and customers Anat Even-Haim, 34, and Idan Shnitzer-Savri, 22.

Police initially thought the gunman had a partner who had been transported early on to the hospital with gunshot wounds, but it turns out the man carried out the attack alone. and the injured man was also a victim.

 

BREAKING EVENTS

MONDAY 1:18 PM MDA declared a Mass Casualty Event at a Bank HaPoalim in Be’er Sheva on Yohana Jabotinsky Boulevard. It appears to be a bank robbery that went very wrong.

There were two bank robbers from the town of Be’er Sheva. The robbers apparently began shooting, when citizens tried to disarm him.

The second injured bank robber was taken to the hospital at the beginning of the event.

There is ongoing shooting. Seven people outside the bank are wounded. There are a number of hostages in the bank.

Zaka says there are 4 dead so far.

2:04 PM Reports of a fifth dead person.

2:05 PM Additional shooting heard. One female hostage confirmed.

2:07 PM Reports say that the bank robber just killed himself, and the hostage is now outside the bank.

It appears that the robbery is over and that the bank robber committed suicide.

2:13 PM Police are searching inside the bank for additional wounded and bank robbers.

2:17 PM New shooting inside the bank.

2:20 PM Police have announced that the robbery is over.

Jewish Press News Briefs

Printed from: http://www.jewishpress.com/news/breaking-news/mass-casualties-at-beer-sheva-bank-robbery-gone-bad/2013/05/20/

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