The Jersusalem Post
By BEN CASPIT
The government of Israel recently refused to help an American family in its lawsuit against the Bank of China, despite indications that the bank was involved in funding terror organizations targeting Jews.
According to the US lawsuit, from 2003 to 2008 the bank helped launder millions of dollars that were then funneled to Hamas and Islamic Jihad in Gaza.
Daniel Wultz, 16, of Weston, Florida, was one of 11 people killed in 2006 by terrorists in a Tel Aviv restaurant bombing. Seventy people were wounded.
The State of Israel asked his family – which won a lawsuit in the US against Iran and Syria as accomplices in the attack – to sue the bank for financing terrorist organizations. The state gave information to representatives of the Wultz family and even proposed to send its own representatives to the US to testify.
Last week, however, Yediot Aharonot revealed that the state had since backtracked and even forbidden security officials from testifying or assisting the family in any way. The reason, according to the paper, was pressure exerted on Prime Minister Binyamin Netanyahu during his recent visit to China.
The story in Yediot, however, did not go into detail on what the Chinese told Netanyahu and why he preferred to comply with Beijing’s request at the expense of the US, or why he opted not to expose institutions laundering money for terrorists, all for the benefit of a major Chinese bank.
New facts may shed some light on these issues.
The Jerusalem Post’s sister publication Sof Hashavua has found that the Bank of China, accused by a US court of helping terrorists launder money, is also the main bank working with Jewish-American tycoon Sheldon Adelson’s gambling business in Macau. In 2011, the bank managed the flotation of a large bond package in which $3.7 billion was raised for Sands China, a company owned by Adelson.
Public documents show that the Bank of China is listed as a “permanent adviser” to Sands China and that it is the “administrative agent” of two companies owned by Adelson that lent money to the firm.
The documents also provide official information about Sands China, including the company’s chief executives.
Adelson tops the list of directors.
In addition, the documents show the company’s two principal bankers, one of them being the Bank of China.
No comment was available from the Prime Minister’s Office. Sources close to Netanyahu said he was unaware of any connection between the Bank of China and Adelson.
Adelson’s spokesman refused a request for comment. No comment was available from Sands China by press time.