Bank documents indicate that companies associated with or controlled by the Israeli-Russian billionaire businessman Roman Abramovich have contributed nearly 350 million shekels ($102 million) to the Elad organization, which works to strengthen the Jewish presence in East Jerusalem and ethnically cleanse the city. The disclosure links the Russian-born oligarch to four companies that are registered in the British Virgin Islands and over which up to now, it was not known who was behind them.
Although Elad itself and the donations that were transferred to it were not mentioned at all in the documents, efforts to track those involved led to the Israeli nonprofit. In recent years, Elad, which is also known as the Ir David Foundation, has branded itself as dealing primarily with education and tourism and less with increasing the Jewish presence in East Jerusalem.