Report: Iran owns 5% of shares of the German firm building subs for Israel

This revelation comes amid scrutiny in Israel of other aspects of the Israeli defense ministry’s contract with ThyssenKrupp in 2011.

By JTA
December 2, 2016 16:28
1 minute read.
Israel navy

Israel’s fourth submarine is en route to the navy's Haifa base from Germany. (photo credit: IDF SPOKESMAN'S OFFICE)

 
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 analysis 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

 An Iranian state-owned firm has substantial shares in the  German shipping giant that is supplying the Israeli navy with submarines, a newspaper in Israel reported.

The Iranian investments in ThyssenKrupp began in the 1970s, and were inherited by the Islamic regime when it took over Iran in the 1979 revolution, Yedioth Acharonoth reported Friday.

Currently, the the Iran Foreign Investments Company owns just under five percent of the German shipbuilding company’s shares the report said.

A defense ministry spokesperson told the paper that the ministry was not aware of the Iranian involvement with ThyssenKrupp.

The discovery according to Yedioth raises concerns of potential leaks of classified information to Iran on one of Israel’s most advanced weapons platforms.

This revelation comes amid scrutiny in Israel of other aspects of the Israeli defense ministry’s contract with ThyssenKrupp in 2011.

Attorney General Avichai Mandelblit last week ordered the police to look into allegations that Prime Minister Benjamin Netanyahu’s personal lawyer, David Shimron, used his close relationship with the premier to push for purchasing several submarines from ThyssenKrupp, award the company a contract for naval vessels to defend Israel’s gas fields and allow it to build a shipyard in Israel.

Shimron was a representative of the company in Israel.

Netanyahu said last month he did not know of Shimron’s ties to ThyssenKrupp. Several Israeli journalists alleged Netanyahu pushed for buying the submarines from ThyssenKrupp despite opposition from the defense establishment, though the Israel Defense Forces made a statement contradicting these claims.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Rock superstars Bon Jovi arrived in Israel
July 22, 2019
Bon Jovi arrive in Israel

By DAVID BRINN

Cookie Settings