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August 05, 1983 - Image 15

Resource type:
Text
Publication:
The Detroit Jewish News, 1983-08-05

Disclaimer: Computer generated plain text may have errors. Read more about this.

4111.1.11 .1.11.11.1

THE DETROIT JEWISH NEWS

Friday, August 5, 1983 15

Bankamerica Fined $108,000 Dulzin, Aridor Argue Over Funding for Project Renewal
for Aiding the Arab Boycott JERUSALEM (JTA) — promise Deputy Premier done because the treasury the sale of Israel Bonds for

'

WASHINGTON (JTA) —
The Commerce Department
announced Tuesday that
Bankamerica Corp., one of
the nation's largest banks,
agreed, without admitting
any wrongdoing, to pay a
$108,000 fine stemming
from charges it violated fed-
eral regulations banning
aid to the Arab boycott of
Israel.
The department said the
fine was the largest ever

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imposed on an American Finance Minister Yoram
bank and the ninth penalty Aridor and Leon Dulzin,
imposed for such an offense chairman of the World
in the past 10 months. The Zionist Organization and
department said that, since Jewish Agency executives,
October 1981, 12 other clashed Tuesday in a sharp
banks have paid a total of exchange over funding of
$535,000 in fines, including Project Renewal, the pro-
$24,500 paid Monday by the gram • to revitalize slum
areas in Israel.
Bank of New York.
Aridor reportedly accused
The Commerce Depart-
ment had charged that the Dulzin and Akiva Levinsky,
Bankamerica International the Jewish Agency trea-
subsidiary handled eight surer, of failing to meet the
letters of credit issued in commitments they under-
banks in Middle East coun- took as equal partners in
the project. Under the
tries which boycott Israel.
Officials said such a let- agreement, the Jewish
ter could help the anti- Agency is in charge of social
Israel boycott by requir- welfare aspects of Project
ing that the goads Renewal, while the gov-
covered by the letter of ernment takes care of the
credit did not come from physical elements.
Specifically, Aridor de-
Israel or that the ship
clared,
a contribution of $5
carrying the goods had
not stopped at an Israeli million, promised by the
Jewish Agency five months
port.
The incidents charged ago for the rehabilitation of
against Bankamerica oc- 13 deteriorated neighbor-
curred from January 1980 hoods, has not yet been
through October 1982. A transmitted to the govern-
bank spokesman said that ment.
Dulzin reportedly was
"considering the volume of
letters of credit that were furious about both the
handled during the period, 'content and the style of
it is possible inadvertent Aridor's charges, telling
and unintentional process- Aridor he would not let
ing errors could have been him treat the Jewish
made." The spokesman said Agency "the way he
the bank would comply with treated the industrialists
federal regulations on the and the doctors."
Dulzin admitted he did
boycott in the future.

4th `Read-In' Will Aid JBI

NEW YORK — Partici-
pation in the fourth "Great
National Jewish Read-In,"
sponsored by the Jewish
Braille Institute of
America, is expected to be
"considerably greater" than

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it was in the 1982 event, ac-
cording to Dr. Jane Evans,
JBI president.
"The number of Jewish
schools agreeing to take
part is significantly higher
than the 120 of last year,"
Dr. Evans said.
In the "Read-In," par-
ents, relatives, family
friends and neighbors
serve as "sponsors" to
the children, pledging a
contribution to the JBI
for each book the stu-
dents read during a
four-week period. Most
of the schools coordinate
the "Read-In" with
Jewish Book Month.
Jewish educators who
wish more information
Areut taking part in the
2983 program should write
the Jewish Braille Institute
of America, 110 E. 30 St.,
New York 10016.

Leonard Rosenberg is the
real name of actor Tony
Randall.

PHONE 645-9200

David Levy that the
Agency would allocate to
Project Renewal another $5
million, above the Agency's
original committment. But,
he said, this could not be

refused to allow the sale of
$22 million worth of Israel
Bonds for the benefit of the
Jewish Agency. Dulzin
added that Aridor was the
first finance minister to ban

Aency purposes.
Dulzin described similar
charges by Levy — that the
Jewish Agency did not
abide by its commitments —
as a "tempest in a teapot.

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ZIONIST INFORMATION NEWS SERVICE

ISRAEL'S SECURITY AND JEWISH SURVIVAL ARE INSEPARABLE

ISRAEL, GIVING UP JUDEA, SAMARIA
& GAZA WILL RESULT IN THE P.L.O.
ESTABLISHMENT OF A SOVIET BASE,
SIMILAR TO THE.ONE THAT THEY
HAD IN LEBANON. THIS WOULD BE
THE FIRST STEP IN THEIR PLAN FOR
THE "LIBERATION OF ALL OF
PALESTINE" AND THE DESTRUCTION
OF THE JEWISH STATE!

WE MUST REMEMBER THAT ISRAEL TODAY NOT
ONLY CONTINUES TO FACE MILITARY THREATS,
BUT MUST ALSO CONFRONT WIDESPREAD
POLITICAL AND IDEOLOGICAL WARFARE
DESIGNED TO DISMANTLE THE JEWISH STATE BY

STAGES.

Ivan J. Novick, March 1, 1982
President ZOA

ZIONIST ORGANIZATION OF AMERICA

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