Future Fund falls mute on financing Elbit weapons reportedly used to murder Gaza aid workers

by Michael West | Apr 4, 2024 | What's the scam?

What’s the scam with Peter Costello’s Future Fund? They invested Australian public money in Elbit Systems but refuse to respond to claims it was Elbit missiles which killed a group of aid workers feeding starving Palestinians, including Australian Zomi Frankcom.

We put these questions to the Future Fund Board of Guardians Mary Reemst, Patricia Cross, Deborah Ralston, Rosemary Vilgan, Michael Watchtel and Nicola Wakefield-Evans. These are the people who decide what the Future Fund, Australia’s sovereign wealth fund, should invest in:

Dear Ms Reemst,

  1. Were Elbit bombs/weapons deployed in the IDF killing of Australian aid worker Zomi Frankcom?
  2. Have you asked your Investor Relations contact at Elbit?Ā 
  3. Have you reconsidered or reviewed the Future Fund’s investment in Elbit Systems since the ICJ put Israel on trial for war crimes?
  4. Is the position of the other guardians Patricia Cross, Deborah Ralston, Rosemary Vilgan, Michael Watchtel and Nicola Wakefield-Evans in agreement on the investment in Elbit, that is, they agree that Australia’s sovereign wealth fund should invest in the largest Israeli bombmaker which has significantly contributed to the death of 32k Palestinians?

Subsequently, reports emerged that the missiles were Elbit missiles.

Then we posed this question:

Could the Guardians explain how they see this as different to investing in the gas companies/technology which exterminated Jews during the Holocaust?

Again, no response has as yet been forthcoming. Elbit Systems is Israel’s number one missile manufacturer. A significant proportion of the 32,000 dead have been killed by Elbit missiles yet the Future Fund, guardians of Australian public money, continues to invest in Elbit.

Michael West established Michael West Media in 2016 to focus on journalism of high public interest, particularly the rising power of corporations over democracy. West was formerly a journalist and editor with Fairfax newspapers, a columnist for News Corp and even, once, a stockbroker.

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