16 Jan 2016
Holocaust survivors in Israel, most of whom are aged 90 and over, have for the last few months not been receiving crucial financial support owed to them.
On Wednesday a stormy discussion took place in the Knesset Finance Committee regarding the failure of the Company for the Restitution of Holocaust Victims' Assets (RHVA) to transfer funds to survivors.
According to a 2006 law, after which the company was established, any assets belonging to victims whose descendants could not be found would be transferred to Holocaust survivors as quarterly payments.
A 2014 amendment stipulated that the yearly total the company was supposed to set aside was NIS 135 million, which was increased to NIS 150 million in 2015.
In mid-2015 the company announced that it could not make the payments due to not receiving dividends from the Jewish Colonial Trust, in which it has holdings, leaving the RHVA's coffers empty....
The company's attempts to find a workaround led to a legal dispute breaking out between it and the JCT, which according to representatives from the two is heading for a court ruling....