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Full coverage· Economy· Updated

Ultra-Orthodox Real Estate Investment Group Faces Collapse

Baruch Waldersky's UK real estate investment group, BW Group, is facing insolvency after raising £68.5 million from hundreds of Israeli ultra-Orthodox investors. Investors have formed a committee and rabbinical court amid concerns over mishandled financial processes for dozens of properties.

2 newsrooms · 1 language · since

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What happened

  1. 01BW Group faces insolvency with £68.5 million raised from Israeli investors.
  2. 02Hundreds of ultra-Orthodox investors are affected by the crisis.
  3. 03A rescue committee and rabbinical court have been formed by investors.
  4. 04Initial findings suggest mishandling of financial processes for dozens of properties.
Translated and summarized by baba from Haaretz, the latest report. Read Haaretz’s original

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