OCCUPIED AL-QUDS, PALESTINOW.COM — Russian billionaire and Chelsea football club owner Roman Abramovich donated more than $100m to a far-right Israeli organisation that has been accused of displacing Palestinian families from Jerusalem, bank documents claim.
The documents were part of a 22,000-page cache of reports sent to US authorities by banks between 2000 and 2017 that were leaked to Buzzfeed news. They show that over the last 15 years, four companies run by Abramovich donated $100m to Elad, a right-wing Israeli settler organisation dedicated to “strengthening Israel’s current and historic connection to Jerusalem”.
The organisation has been responsible for scores of Palestinian evictions and has in some cases fought several expensive, decades-long legal battles to do so, particularly in Silwan, a town annexed by Israel in 1967 that houses some 55,000 Palestinians.
The four companies Abramovich used to fund Elad – all located in the British Virgin Islands and registered on the same day in 2003 – funded more than half of the organisation’s work between 2005 and 2018.
While Abramovich was suspected to have links to Elad, having been frequently present at their events, the extent of the football club owner’s involvement was not revealed until a set of bank reports – known as the “FinCEN Files” – about financial transactions and ownership of the companies were leaked, BBC News Arabic reported.
The documents, submitted to the US Treasury Department by the American branch of Deutsche Bank, showed that the oligarch is the ultimate beneficial owner of three of the companies and controls the fourth.
Abramovich, who became an Israeli citizen in 2018, has a fortune estimated to be between $12bn and $13bn, according to Israeli newspaper Haaretz, and in recent years has purchased several luxury properties in Israel.
Israel’s so-called “Transparency Bill”, passed in 2015 to the objection of Israel’s left-leaning blocs, requires non-governmental organisations (NGOs) to provide details of their funding activities. But until now, Elad’s funding had been elusive, with the name of the Virgin Island companies listed but not their owner.
Around the time of the bill’s passing, then Knesset member Dov Khenin wrote a letter to Israel’s attorney general, requesting that an investigation into Elad’s financing be opened – going after the perceived hypocrisy of the transparency bill, which the left said was passed to target groups critical of Israel’s occupation.
“The settler NGO Elad receives hundreds of millions of shekels in donations from companies registered in tax shelters worldwide – the identities of the controllers of which are not at all clear,” wrote Khenin, a member of Israel’s Joint List, a coalition predominantly of Arab political parties.
“This makes it extremely difficult to trace the real donors or their business. On the face of it, Elad has not fulfilled the requirement [incumbent on any NGO] that its donors and sources of funding be clear and transparent.”
This apparent non-conformance with norms “makes it necessary to immediately stop the funneling of public funds to Elad, including funds from Keren Hayesod, the Jewish Agency and state funds,” Khenin said