Search JTA's historical archive dating back to 1923

Sugar Daddies for Labor and Likud

October 21, 1988
See Original Daily Bulletin From This Date

Two Israeli-born multimillionaires living abroad have contributed substantial sums of money to the Labor Party and Likud campaign war chests, Hadashot reported Wednesday.

The newspaper said that Bruce (Baruch) Rappaport, who lives in Switzerland, gave $1.5 million to Labor. The money was transferred from a bank in Geneva.

Meshulam Riklis, the Israeli-American tycoon, sent $1 million to Likud through the First Boston Bank in New York, Hadashot said.

The newspaper attributed its information to an “economic source” with ties to both parties.

Recommended from JTA