Police Investigate Israel Corp.,
Zim Lines and Haifa Refineries

TEL AVIV (JTA)—Attor-
ney General Meir Shamgar
has instructed police to begin
an official investigation into
the financial affairs of the
Israel Corp., the Zim. Lines
and the Haifa Refineries all
of which had large sums of
money invested in the trou-
bled financial empire of
Swiss Jewish banker Tibor
Rosenbaum.
The key figure in the in-
vestigation is Michael Tsur
who was managing director
of the Israel Corp. and chair-
man of the Zim Lines until
ousted last month when the
Rosenbaum scandal broke.
The police are also expect-
ed to question Zim's treasur-
er, the auditors of the Israel
Corp. and board members of
companies headed by Tsur.
The latter was suspended
by the Israel Corp. for alleg-
edly investing large amounts
of money earmarked for Is-
rael's capital development in
several dummy corporations
maintained by Rosenbaum in
Vaduz, Lichtenstein, a fav-
orite tax haven of interna-
tional finance.
Tsur allegedly made the
transactions without the
knowledge or authority of the
Israel Corp. board.
Tsur, a former director
general of the ministry of
commerce who the govern-
ment put in charge of Zim
Lines in 1967 when the na-
tional shipping company was
experiencing severe losses,
has issued a statement to the

press denying the findings of
a special Zim investigating
panel.
The panel found him to be
solely responsible for ques-
tionable foreign currency
transactions. Tsur claimed
the charges were baseless.
But Tsur admitted public.
ly a week ago that the ship-
ping company maintained a
secret account with Rosen-
baum's International Credit
Bank in Geneva from which
it paid bonuses to top execu-
tives in order to evade in- ,
come tax.
Tsur blamed Israel's "faul-
ty" tax laws for making such
machinations necessary and
claimed that the tax authori-
ties had private knowledge of
the bonuses, intimating offi-
cial complicity in the eva-
sion.
The collapse of Rosen-
baum's enterprise* also has
involved Histadrut's power-
ful construction company,

Solel Boneh. Investigations ties to the extent of $3,4021,000
have established that •Solel invested in his various con-
Boneh played a part in fin- cerns.
ancing Rosenbaum's activi-
Solel Boneh's director gen-

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Dayan Foresees
Nuclear Warfare

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TEL AVIV (JTA)—Former
Defense Minister Moshe Da-
yan warned here that future
conflicts in _the Middle East
may involve nuclear warfare
and that civilians cannot take
it for granted that they will
not suffer casualties.
Dayan, in a lecture at Bar-
Ilan University, noted that
the Arabs have learned that
their pilots cannot penetrate
Israel's air defenses and are
now stressing the need to use
ground-to-ground missiles.
Discussing the balance of
power in the region, Dayan
estimated that the power bal-
ance between Israel and her
neighbors will differ essen-
tially from the Yom Kippur
War.

If a fool be associated with
a man all his life he will per-
ceive the truth as little as a
spoon perceives' the taste of
soup.—Buddha

ed. So far, Rechter has re- '
fused to submit it and de-
mands for his immediate
suspension have been made.

THE DETROIT JEWISH NEWS
Friday, Dec. 6, 1974-27

Peru Newspapers
Reported Biased

NEW YORK (JTA)—Rabbi
Morton - M. Rosenthal, direc-
tor of the Latin American
Affairs Department of the
Anti-Defamation League of
Bnai Brith, reports that edi-
.tors of two Peruvian news-
papers, "Expreso" and "Ex-
- tra" continue to publish anti-
Semitic cartoons and articles
which attack Jews and Israel,
despite repeated protests by
Jewish community leaders in
Lima to the newspaper pub-
lishers as govern-
ment officials.
"Expreso" was one of the_
five newspapers nationalized
in August by the Peruvian
government.

eral Tzvi Rechter - has been
held responsible and he was
given to understand that his
resignation would be accept-

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