Monday, May 16, 2005

Iraq will not compensate the Jews: official

Iraq will not compensate the Jews whose property was confiscated, the Israeli business publication Globes reports.

by Itamar Levin

Looted Jewish private property is estimated at $4 billion, and communal property at several more billions of dollars.

Iraq Property Claims Commission head Sohail al-Hashmi today denied reports that his country would restore property looted from Jews who immigrated to Israel.

In an interview in "Asharq Al-Awsat", al-Hashmi said that the reports were unfounded. He said that a reports concerning recent case involving such a claim were inaccurate, since the claimant was an Armenian Christian, not a Jew.

Following the fall of Saddam Hussein’s regime, rumors circulated that the new regime would compensate Iraqi emigrants for their property in order to establish closer relations with the West, especially the US. To date, however, the reports have not been officially confirmed, and have now been officially denied. More

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