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October 22, 2013

And The Millions Of Dollars Of Profits Go To…Chabad

Rabbi Avraham Wolf and Alexander Granovsky"I'm a rabbi and deal only in spiritual matters," Wolff told Channel 9, adding that "there is such a partnership" as between Issachar and Zebulun, the biblical figures. "A businessman and rabbi work together. One studies Torah, the other does business. [Billionare] Alexander [Granovsky] and I are partners. Every time he goes to close a deal he says to me 'Rabbi, I need you to pray,' and I pray. Every time I need money for activities I ask him for money and he gives."

Rabbi Avraham Wolf and Alexander Granovsky
Rabbi Avraham Wolf, left, and Alexander Granovsky, right

Ha'aretz reports:

Over the years that Nochi Dankner has wielded control over the [massive Israeli corporation the] IDB group, questions have arisen over his ties with kabbalists such as Rabbi Yoshiyahu Pinto and Rabbi Yaakov Ifergan, popularly known as the X-Ray Rabbi. Dankner has often been seen making a pilgrimage to seek their advice and blessings.

It now seems that if Jewish-Ukrainian billionaire Alexander Granovsky takes over IDB, the conglomerate will be led by a man enjoying even tighter connections to Torah scholars.

On Saturday night Russian-language Channel 9 broadcast a report on Granovsky and [Chabad] Rabbi Avraham Wolff [actually spelled Wolf with one “f”], Odessa's chief rabbi. Wolff describes how he and  Granovsky have helped Dankner retain control over the IDB group.

"I'm a rabbi and deal only in spiritual matters," Wolff told Channel 9, adding that "there is such a partnership" as between Issachar and Zebulun, the biblical figures. "A businessman and rabbi work together. One studies Torah, the other does business. Alexander and I are partners. Every time he goes to close a deal he says to me 'Rabbi, I need you to pray,' and I pray. Every time I need money for activities I ask him for money and he gives."

Channel 9's Maya Zinshtein found that most of the money controlled by Wolff and Granovsky is in a fund linked to Chabad, the New York-based Hasidic movement. The two men use the fund, registered in the Netherlands, to control BGI Investments, a publicly traded company listed on the Tel Aviv Stock Exchange.…

Granovsky controls BGI through a company called Chabad 770, which owns a controlling stake in the firm ZBI that in turn owns 80% of BGI. The chief executive of BGI, whose market value is about NIS 50 million, is [Rabbi] Yosef Schneersohn [of Kfar Chabad, Israel], with Wolff serving as chairman. BGI's debt to bondholders, scheduled to be paid off within three years, is estimated at NIS 108 million and is covered by about NIS 168 million in cash, putting its cash surplus at NIS 60 million.

In August, BGI bought a 20% stake in Emblaze, a company incorporated in Israel and trading in London, for 75 pence a share, or $25 million, but the stock currently trades at just 50 pence. BGI also undertook to acquire a controlling stake in Emblaze, but this commitment was transferred to its parents, ZBI and Chabad 770. Wolff was subsequently appointed chairman of Emblaze, with Schneersohn deputy chairman.

Granovsky and Dankner intend to gain control over Emblaze's copious cash, amounting to about NIS 500 million. This would help them take control of IDB Holding Corporation, the company that controls the IDB group.…

Wolf and Granovsky claim the proceeds Chabad 770 makes will all go to tzedaka, presumably funding Chabad projects in Israel, Ukraine and the rest of the Former Soviet Union.

What will really happen remains to be seen.

Comments

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I'm going into partnership with this rabbi. I'll ask him to pray just before I go into a casino.

I expect to win big.

Just goes to show that rich doesn't mean smart. Can't find much info online about Granovsky, but I assume he made his money in natural resources like most of the rest of the gangster oligarchs. My sense is that chabad rabbis in Asia and Africa play a big role in facilitating deals for businessmen who make big contributions. Lots of Israeli activity in the mines in Africa, facilitated by connections to African strongmen (and the sale of Israeli weaponry).

Typical chassidic bullshit.....when the "prayers" stop "working," he will stop giving. Happens all the time with Rebbes and their adherents.

what a racket ! cha-bad are sneaky .
they make you believe anything if u are under pressure , work with your mind beautifully ( they r experts ) and brainwash you . they are IN CONTROL of your mind .

they know how to be sweet with millionaires , but reject anyone who is average . that's the way the sect operates , give attention only to the very wealthy .

Like other Chabad sugar daddys, he will end up in prison or bankrupt or dead.

Did anyone ever find Guma?

>>"I'm a rabbi and deal only in spiritual matters," Wolff told Channel 9, adding that "there is such a partnership" as between Issachar and Zebulun, the biblical figures.<<

Gag me.

Great international tax planning.

Would not be surprised if profits ended up in a Netherlands Antilles corporation.

All sorts of tax treaties......been there done it........

This Rabbi Wolff is the son of Israeli politician Berke Wolf .....His father taught him the works.

"And The Millions Of Dollars Of Profits Go To…Chabad"

Wonderful! Chabad does wonderful work. They and only they take it upon themselves to make sure that there is as many places as possible on this planet where Jews can have a place to daven and eat. May they get many more millions of dollars of profit!

"Wonderful! Chabad does wonderful work."

Yes, it's wonderful how Chabad plants itself on college campuses, seduces and brainwashes vulnerable young people into believing it represents the only authentic form of Judaism remaining, indoctrinates them and lures them into lives of ignorance, repression, poverty and rebbe-worship.

A kiddush Hashem!

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