Investing

Criminal Assets Bureau called to investigate Isif’s Israeli investments

The Global Legal Action Network and Sadaka submitted the complaint

The Ireland Strategic Investment Fund (ISIF) previously confirmed to an Oireachtas committee that it has direct investments in 11 companies that were operating in the territories. Picture: Fergal Phillips

The Criminal Assets Bureau (Cab) is being called on to investigate investments held by the Irish sovereign wealth fund in companies involved occupied Palestinian territories.

Non-profit Global Legal Action Network (GLAN) and Sadaka, the Ireland Palestine Alliance, wrote to Cab on Wednesday alleging that revenue generated by commercial activity in Israel’s illegal settlements are proceeds of crime.

The Ireland Strategic Investment Fund (Isif) previously confirmed to an Oireachtas committee that it has direct investments in ...