Israel looking for heirs to $216.3 million assets that belonged to victims of the Holocaust

Israel looking for heirs to $216.3 million assets that belonged to victims of the HolocaustOfficials have said that Israel is looking for heirs to $216.3 million in assets that belonged to victims of the Holocaust.

It was further informed that real estate, bank accounts, corporate shares and other assets have been held in Israel since the death or disappearance of their owners during World War II. Since the Israeli Knesset established the Holocaust Victims Assets Restitution Co. in 2006, it has restored about $10.8 million to thousands of heirs.

The Jerusalem Post reported on Monday that the company is looking for more heirs outside Israel, with the United States considered a potentially fertile country to concentrate its efforts, particularly the state of Florida.

The company has begun an advertising campaign in Jewish newspapers throughout the United States and on Jewish Web sites with an American audience. The firm also is contacting Jewish federations and synagogues in its search for heirs.

Zvi Kanor, a former air force general and businessman who heads the company, told the Post, "Even if you have only the tip of a thread, we will investigate it."

He further said, "Usually, organizations working in Holocaust restitution achieve a 10 percent success rate. We range from 13 percent to 15 percent," depending on the year. (With Inputs from Agencies)