Israeli Terror Victims Sue Bank of China

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JERUSALEM, Israel - More than 100 Israeli victims of Palestinian terror filed a lawsuit in Los Angeles Superior Court against the Bank of China Ltd. for funding Hamas and Islamic Jihad.

According to the lawsuit, despite warnings from Israeli counter-terrorism officials, China's largest bank transferred several million dollars to the groups, which funded terror attacks between 2004 and 2007.

Among the suit's plaintiffs is the family of a four-year-old boy killed by Palestinian terrorists in 2004.

The suit states that beginning in July 2003, the bank processed dozens of wire transfers from the Middle East to US banks and back to a Bank of China branch in Guanzhou, China.

From there, the Chinese bank wired the money to heads of Palestinian terror cells in Judea and Samaria (the West Bank), the Gaza Strip, and even to contacts inside Israel proper.

Though Israeli officials asked their counterparts in the Chinese Ministry of Public Security to intervene, the Bank of China continued the wire transfers, the suit alleges.

Source: Haaretz

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