Israel Uncensored News

Egypt claims from Israel the stocks it stole from Jews

In 1929, a Jewish Egyptian banker invested in the construction of King David hotel in Jerusalem. Nasser government nationalized his bank (and took over the property of thousands of the Egyptian Jews). Israel, too, nationalized the shares in King David hotel as “missing owner’s” property in 1993. National Bank of Egypt filed a case in Israel for $78 million in dividends and reimbursing the stocks which Egypt stole from the Jewish banker during nationalization.


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