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Supreme Court suspends transfer of Abramovich’s donation to ZAKA

ByEditor

Feb 13, 2024

The Supreme Court has issued a temporary order suspending the decision to transfer a donation from businessman Roman Abramovich to the ZAKA organization. Last month, the Tel Aviv District Court ordered Mizrachi Tefahot Bank to transfer eight million shekels to the organization. Mizrachi Tefahot filed an appeal of the decision last week, and the Supreme Court’s ruling will remain in effect until the appeal is completed.

In the wake of Black Saturday, Roman Abramovich visited the vicinity of the Gaza Strip and witnessed the work of ZAKA volunteers firsthand. He decided to donate 8 million shekels to the organization, but the Mizrahi Tfahot bank, which holds Abramovich’s account, blocked the transfer citing European sanctions against Abramovich.

Roman Abramovich and the ZAKA organization filed a lawsuit against the Mizrahi Tfahot Bank for refusing to transfer the client’s money at his request. During the first hearing in the Tel Aviv District Court, Judge Yardena Sarusi expressed her inclination to approve the transfer, stating that the European sanctions against Abramovich were irrelevant in this case.

The judge found it unacceptable for the bank to refuse the transfer of funds for a donation that helps the State of Israel, especially during such a difficult time.

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By Editor

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