Arab Bank says Israel has cleared it of terrorism

By ASSOCIATED PRESS
April 13, 2010 23:06

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

A Jordan-based bank at the center of a multimillion dollar legal case says Israel has cleared it of involvement in terrorism.

The Arab Bank on Tuesday produced an Israeli military document that says it could not prove the bank's funds were linked to suicide bombings and other deadly attacks. Israeli troops raided the bank's Ramallah branch more than six years ago and seized millions of dollars.

The news could undermine a massive lawsuit filed by hundreds of relatives of Israeli victims of Palestinian militant attacks in a New York federal court. The bank issued a statement saying the military stand was consistent with the bank's position that "the claims in the pending lawsuits have no merit."

The Israeli military confirmed it sent the letter.

Related Content

Breaking news
August 20, 2018
King of Morocco appoints new minister for economy and finance

By REUTERS