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NYC Mayor’s Office Accuses Comptroller of Aiding BDS With ‘Withdrawal’ of Millions From Israel Bonds

New York City Mayor Eric Adams attends an “October 7: One Year Later” commemoration to mark the anniversary of the Hamas-led attack in Israel at the Summer Stage in Central Park on October 7, 2024, in New York City. Photo: Ron Adar/ SOPA Images via Reuters Connect

The office of New York City Mayor Eric Adams has accused Comptroller Brad Lander of pushing a political agenda and advancing the anti-Israel boycott, divestment, and sanctions (BDS) movement by withdrawing tens of millions of dollars in city pension funds from bonds issued by the Jewish state.

In a letter to Lander dated July 10 and first shared with the media on Sunday, First Deputy Mayor Randy Mastro demanded a full accounting of the comptroller’s decision-making regarding the investments in Israel Bonds.

New York City’s holdings in Israel-issued bonds have plunged from “tens of millions of dollars” to just $1.2 million in the Police Pension Fund during Lander’s tenure, reversing a longstanding pattern of reinvestment stretching back to 1974, according to the letter.

Lander subsequently confirmed to The Forward that city pension funds currently hold no investments in Israel Bonds, noting the purchase by the Police Pension Fund was made by a fund manager but has since been sold.

Mastro wrote that Lander’s decisions “appears to be in furtherance of [the] BDS campaign, regardless of the adverse financial consequences for city pensioner.”

The BDS movement seeks to isolate Israel on the international stage as the first step toward its elimination. Leaders of the movement have repeatedly stated their goal is to destroy the world’s only Jewish state.

City records show that Israel Bonds, historically yielding approximately 5 percent annually, outperformed many alternatives, and critics such as Mastro have argued the abrupt exit is financially irresponsible.

Meanwhile, Adams has promoted his own pro-Israel push, noting last month’s formation of the inaugural New York City–Israel Economic Council aimed at boosting trade and innovation with the Jewish state. In a press event, Adams repudiated Lander, saying that the comptroller “was elected to safeguard New York City’s financial future, yet he continues to pander to the antisemitic BDS movement at the expense of taxpayer dollars and our city’s best interests. New Yorkers deserve to know why.”

Lander’s office swiftly defended the move, describing it as consistent with a longstanding policy to avoid foreign sovereign debt, rather than a targeted divestment linked to Israel.

“Lander has never divested,” a spokesperson for Lander said in March, noting at the time that the city continued to hold over $400 million in investments in Israeli companies.

As of May, Lander said city pension funds still held more than $315 million in Israel-based assets, mostly in common stock and some in Israeli real estate investment trusts.

Lander, who is Jewish, claimed that his predecessors made “politically motivated choices” to treat Israel in a more “favorable way” than other countries.

“As a Jew, I am proud that we have these investments in Israel,” Lander told The Forward. “But I’m not allowed to make investments for that reason. They have to make financial sense to be consistent with our policies and my fiduciary duty.”

A representative for the comptroller told the New York Post that Mastro’s accusations are a “cynical effort by the Adams administration to weaponize antisemitism against the highest ranking Jewish elected official in New York City government.”

The battle has reverberated across New York City’s political landscape, tapping into deep divisions over foreign policy, fiscal stewardship, and community allegiance. Adams, running as an independent for reelection this fall, is courting Jewish constituents and warning Lander’s withdrawal of bonds signals “pandering” to anti-Israel sentiment.

Lander stoked outrage among the Big Apple’s Jewish community when he recently aligned with Zohran Mamdani, a progressive firebrand who backs the BDS movement and is running for mayor. Lander’s support for the anti-Israel politician has raised scrutiny regarding his motives in ending investments into Israeli bonds. Zionist advocacy groups and pension experts are demanding transparency, questioning whether the city actually missed out on returns typically delivered by Israel Bonds.

Although Lander has repeatedly affirmed his belief in Israel’s “right to exist,” he has suggested that controversial slogans such as “globalize the intifada” might not be inherently supportive of violence. He has also refused to defend Israel from accusations of committing “genocide” in Gaza, saying that he believes the word is offensive to the Jewish community because it evokes memories of the Holocaust.

Mastro’s letter sets a July 17 deadline for full documentation of Lander’s policy concerning Israel Bonds.

The post NYC Mayor’s Office Accuses Comptroller of Aiding BDS With ‘Withdrawal’ of Millions From Israel Bonds first appeared on Algemeiner.com.

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Kurdish-led SDF Say Five Members Killed During Attack by Islamic State in Syria

Islamic State slogans painted along the walls of the tunnel was used by Islamic State militants as an underground training camp in the hillside overlooking Mosul, Iraq, March 4, 2017. Photo: via Reuters Connect.

The Kurdish-led Syrian Democratic Forces said on Sunday that five of its members had been killed during an attack by Islamic State militants on a checkpoint in eastern Syria’s Deir el-Zor on July 31.

The SDF was the main fighting force allied to the United States in Syria during fighting that defeated Islamic State in 2019 after the group declared a caliphate across swathes of Syria and Iraq.

The Islamic State has been trying to stage a comeback in the Middle East, the West and Asia. Deir el-Zor city was captured by Islamic State in 2014, but the Syrian army retook it in 2017.

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Armed Groups Attack Security Force Personnel in Syria’s Sweida, Killing One, State TV Reports

People ride a motorcycle past a burned-out military vehicle, following deadly clashes between Druze fighters, Sunni Bedouin tribes, and government forces, in Syria’s predominantly Druze city of Sweida, Syria, July 25, 2025. Photo: REUTERS/Khalil Ashawi

Armed groups attacked personnel from Syria’s internal security forces in Sweida, killing one member and wounding others, and fired shells at several villages in the violence-hit southern province, state-run Ekhbariya TV reported on Sunday.

The report cited a security source as saying the armed groups had violated the ceasefire agreed in the predominantly Druze region, where factional bloodshed killed hundreds of people last month.

Violence in Sweida erupted on July 13 between tribal fighters and Druze factions. Government forces were sent to quell the fighting, but the bloodshed worsened, and Israel carried out strikes on Syrian troops in the name of the Druze.

The Druze are a minority offshoot of Islam with followers in Syria, Lebanon and Israel. Sweida province is predominantly Druze but is also home to Sunni tribes, and the communities have had long-standing tensions over land and other resources.

A US-brokered truce ended the fighting, which had raged in Sweida city and surrounding towns for nearly a week. Syria said it would investigate the clashes, setting up a committee to investigate the attacks.

The Sweida bloodshed last month was a major test for interim President Ahmed al-Sharaa, after a wave of sectarian violence in March that killed hundreds of Alawite citizens in the coastal region.

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Netanyahu Urges Red Cross to Aid Gaza Hostages

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference, in Jerusalem, May 21, 2025. Photo: REUTERS/Ronen Zvulun/Pool

Israeli Prime Minister Benjamin Netanyahu said on Sunday he spoke with the International Red Cross’s regional head, Julien Lerisson, and requested his involvement in providing food and medical care to hostages held in Gaza.

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