Israel holds billions worth of Holocaust victims' property

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The State of Israel is in possession of some 1,000 pieces of real estate owned by Jews who died in the Holocaust, Custodian General Shlomo Shahar told a subcommittee of the Law and Constitution Committee on Monday that was discussing the bill for restitution of such property, ahead of its second and third readings.

The custodian general said that besides the real estate some 500 other assets of survivors are in his custody, including money and valuables. In addition, some 3,500 accounts in Israeli banks that were owned by Holocaust victims have been handed over to the Custodian General's Office since the establishment of the state.

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