Probe into Jewish charity over ‘unexplained £1.7m loans’

The latest Jewish News

Read this week’s digital edition

Click Here

Probe into Jewish charity over ‘unexplained £1.7m loans’

Charity regulator announces investigation into the MB Foundation, citing "serious financial and governance concerns" at the charity.

The charities watchdog has opened a legal probe into a Manchester Jewish charity over alleged unexplained loans of £1.7m to those connected to the trustees.

The Charity Commission opened a statutory inquiry on Wednesday into the MB Foundation, also known as the Mossad Horav Aryeh Halevy, over “serious financial and governance concerns.”

The foundation, which operates in Bury and Israel, states its aim is to give grants to relieve sickness and poverty.

The charity was previously investigated by the Commission in a class inquiry, after failing to submit annual accounts for the 2014 and 2015 financial years.

The watchdog said that “subsequent scrutiny” of the accounts raised concern about the trustees’ handling of conflicts of interest.

It said that the charity carried out several transactions with companies and individuals linked to the trustees, who are brothers, or their relatives – including four loans to a linked company of over £1.7m.

“The trustees have so far failed to provide the Commission with any formal documentation in relation to these loans,” said the Commission. 

“Furthermore, the trustees did not provide information to demonstrate they had adequately identified or managed conflicts of interest.”

The probe will investigate the trustees’ decision making around loans and investments and whether there has been any unauthorised or indirect private benefit, among other things.

Support your Jewish community. Support your Jewish News

Thank you for helping to make Jewish News the leading source of news and opinion for the UK Jewish community. Today we're asking for your invaluable help to continue putting our community first in everything we do.

Unlike other Jewish media, we do not charge for content. That won’t change. Because we are free, we rely on advertising to cover our costs. This vital lifeline, which has dropped in recent years, has fallen further due to coronavirus.

For as little as £5 a month you can help sustain the vital work we do in celebrating and standing up for Jewish life in Britain.

Jewish News holds our community together and keeps us connected. Like a synagogue, it’s where people turn to feel part of something bigger. It also proudly shows the rest of Britain the vibrancy and rich culture of modern Jewish life.

You can make a quick and easy one-off or monthly contribution of £5, £10, £20 or any other sum you’re comfortable with.

100% of your donation will help us continue celebrating our community, in all its dynamic diversity...


Being a community platform means so much more than producing a newspaper and website. One of our proudest roles is media partnering with our invaluable charities to amplify the outstanding work they do to help us all.


There’s no shortage of oys in the world but Jewish News takes every opportunity to celebrate the joys too, through projects like Night of Heroes, 40 Under 40 and other compelling countdowns that make the community kvell with pride.


In the first collaboration between media outlets from different faiths, Jewish News worked with British Muslim TV and Church Times to produce a list of young activists leading the way on interfaith understanding.


Royal Mail issued a stamp honouring Holocaust hero Sir Nicholas Winton after a Jewish News campaign attracted more than 100,000 backers. Jewish Newsalso produces special editions of the paper highlighting pressing issues including mental health and Holocaust remembrance.

Easy access

In an age when news is readily accessible, Jewish News provides high-quality content free online and offline, removing any financial barriers to connecting people.

Voice of our community to wider society

The Jewish News team regularly appears on TV, radio and on the pages of the national press to comment on stories about the Jewish community. Easy access to the paper on the streets of London also means Jewish News provides an invaluable window into the community for the country at large.

We hope you agree all this is worth preserving.

read more: