Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Top News
Top News
Politics

Israeli Defense Ministry Hands Over Million In 'Terrorist Funds'

U.S. Senate panel on defense budget in Washington

The Israeli Defense Ministry has recently transferred approximately $8 million in alleged 'terrorist funds' seized in Gaza to Israel's central bank. The funds, amounting to about 29 million shekels ($7.6 million), were discovered in 'Hamas strongholds and in the homes of wanted individuals' in various locations, as reported by the ministry on Thursday.

A specialized military unit was responsible for locating and confiscating the funds during clashes in the Gaza Strip. However, it is important to note that there is currently no independent verification of the Israeli defense ministry's assertion that the confiscated money indeed constitutes 'terrorist funds'.

Of the total amount seized, 12 million shekels ($3.2 million) were transferred to the Bank of Israel on Wednesday, while an additional 17 million shekels ($4.5 million) were handed over to the bank the previous week. The counting of the money took place at a military base in central Israel and lasted several hours, according to the ministry.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.