Bank Irregularities Spur Legal Probe; Arrest 3 Directors
JERUSALEM (JTA)—Arrest of ments to the banking laws to
three bank officials was announced strengthen government supervisory
here as investigation continued powers over financial institutions.
into the alleged mismanagement
The committee is believed to
of well-known private banks.
have convened as a consequence
The banks were formerly known of the bank irregularities. Two of
as Feuchtwanger's and Ellern's,
but were recently placed under Euromart Body Concludes
a single management as Feucht-
BRUSSELS (JTA) — The Euro-
wanger's acquired control of the
mart Commission concluded here
El'lern institution.
Jan. 26 three days of talks be-
The banks were taken over last tween the European Economic
week by the Bank of Israel, after Community and Israel concerning
examiners discovered irregularities Israel's application for associate
in its operation, including the ex- membership in the EEC. Israel's
tension of "exaggerated" credit to current agreement with the EEC,
some stockholders, thereby jeopar- on a much more limited basis, is
dizing their' financial stability. to expire June 30.
The Bank of Israel has fully
After the members of Israel's
guaranteed all depositors and delegation, who had presented
holders of foreign currency in the their government's case earlier,
two banks against any losses.
answered questions on details
A special ministerial committee posed by members of the commis-
began a study of proposed amend- sion. Amiel Najar, chairman of
the Israeli group and ambassador
to the EEC, reiterated his coun-
try's view that it considers associ-
ate EEC membership a matter of
vital importance.
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INIERMATRMEM-
Friday, February 3, 1967-17
THE DETROIT JEWISH NEWS
the bank's directors were given a Report 40 Hard-Core
15-day remand order by a Tel Aviv
SAN QUENTIN, Calif. ( JTA ) —
magistrate, at the request of the
The existence of at least 40 hard-
police department.
The third director was due to core Nazis among convicts at, San
Quentin Penitentiary was dis-
appear before a magistrate.
closed Sunday by prison authori-
ties in commenting on last week's
Hearings on Israel Bid
race riot at the institution.
Leaders in the anti-Negro agita-
states of the Euromart—France,
West Germany, Italy, Belgium, the tion were inmates identified with
a movement inspired by the
Netherlands and Luxembourg.
The permanent commission for American Nazi Party.
It was reported that the Nazis
the European Economic Commun-
ity is expected to submit its rec- had manufactured iron crosses
ommendations within two months and swastika emblems in the
regarding Israel's application, For- prison machine shop. An associ-
ate warden said the Nazis were
eign Minister Abba Eban said.
A ruling on the application Eban not dedicated to any political
said, would probably be made in principles but only motivated by
the summer, when Israle's trade sadism and hate.
treaties with the EEC expire. The
Also a factor in racial tensions
foreign minister did not speculate within San Quentin are a militant
on whether or not Israel will be number of Negroes adhering to
accepted, but he expressed satis- the Slack Muslim movement. But
faction at the spirit of understand- authorities indicated that the Nazis
ing displayed by representatives were a more troublesome factor
of the community during the re-
cent discussion.
uma
Nazis at San Quentin
than the' Black Muslims.
The Nazis at San Quentin seek
reading material about the SS
Corps, Nazi atrocities and con-
centration camps — glorifying in
the notorious cruelties perpetrated
by the Nazis during World War
II, the prison authorities said.
,
WASHINGTON (JTA) — Secre-
tary of the Interior Stewart Udall,
who is leaving Thursday for a tour
of Middle Eastern countries, denied
here explanations by State Depart-
ment officials that Israel is not on
his itinerary because Israel failed
to invite him.
Replying to a query from Rep.
Seymour Halpern, New York Re-
publican, Udall said: !`There is only
one reason why I am not planning
to go to Israel, and that is that the
status of our cooperative efforts
with Israel does not require it."
In his letter to Udall, Rep. Hal-
pern also took exception to reports
that the Saudi Arabian government
had told the interior secretary that
he would be unwelcome if he visited
Israel on the same journey.
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Ukrainian Writer Demands
More Yiddish Books Be
Published in Soviet Union
NEW YORK (JTA) — For the
first time in recent years, a Soviet
Ukrainian writer publicly called for
the publication of books in the Yid-
dish language, it was revealed in
the latest issue of the Digest of
the Soviet Press, published here in
English.
The publication contained ex-
cerpts of a speech by Yuri Smolich,
a Ukrainian author, who denounced
the failure to print books by authors
writing in Yiddish and other lan-
guages of Soviet Ukraine. He com-
pared the present lack with the
situation before World War II, when
the Ukraine had a special publica-
tion house for issuing books in
languages of minorities.
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