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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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Rubio Heads to Israel Amid Tensions Among US Middle East Allies
US Secretary of State Marco Rubio speaks to members of the media, before departing for Israel at Joint Base Andrews, Maryland, US, September 13, 2025. Photo: REUTERS/Nathan Howard/Pool
US President Donald Trump’s top diplomat, Marco Rubio headed to Israel on Saturday, amid tensions with fellow US allies in the Middle East over Israel’s strike on Hamas leaders in Qatar and expansion of settlements in the West Bank.
Speaking to reporters before departure, Rubio reiterated that the US and President Donald Trump were not happy about the strikes.
Rubio said the US relationship with Israel would not be affected, but that he would discuss with the Israelis how the strike would affect Trump’s desire to secure the return of all the hostages held by Hamas, get rid of the terrorists and end the Gaza war.
“What’s happened, has happened,” he said. “We’re gonna meet with them. We’re gonna talk about what the future holds,” he said.
“There are still 48 hostages that deserve to be released immediately, all at once. And there is still the hard work ahead once this ends, of rebuilding Gaza in a way that provides people the quality of life that they all want.”
Rubio said it had yet to be determined who would do that, who would pay for it and who would be in charge of the process.
After Israel, Rubio is due to join Trump’s planned visit to Britain next week.
Hamas still holds 48 hostages, and Qatar has been one of the mediators, along with the US, trying to secure a ceasefire deal that would include the captives’ release.
On Tuesday, Israel attempted to kill the political leaders of Hamas with an airstrike on Doha. US officials described it as a unilateral escalation that did not serve American or Israeli interests.
The strike on the territory of a close US ally sparked broad condemnation from other Arab states and derailed ceasefire and hostage talks brokered by Qatar.
On Friday, Rubio met with Qatar’s Prime Minister Mohammed bin Abdulrahman Al-Thani at the White House, underscoring competing interests in the region that Rubio will seek to balance on his trip. Later that day, US President Donald Trump held dinner with the prime minister in New York.
Rubio’s trip comes ahead of high-level meetings at the United Nations in New York later this month. Countries including France and Britain are expected to recognize Palestinian statehood, a move opposed by Israel.
Washington says such recognition would bolster Hamas and Rubio has suggested the move could spur the annexation of the West Bank sought by hardline members of the Israeli government.
ON Thursday, Israeli Prime Minister Benjamin Netanyahu signed an agreement to push ahead with a settlement expansion plan that would cut across West Bank land that the Palestinians seek for a state. Last week, the United Arab Emirates warned that this would cross a red line and undermine the U.S.-brokered Abraham Accords that normalized UAE-Israel relations in 2020.
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Netanyahu Posts Message Appearing to Confirm Hamas Leaders Survived Doha Strike
Israeli Prime Minister Benjamin Netanyahu speaks during a Plenum session of the Knesset, Israel’s Parliament, in Jerusalem, June 11, 2025. Photo: REUTERS/Ronen Zvulun
i24 News – In a statement posted to social media on Saturday evening, Israel’s Prime Minister Benjamin Netanyahu condemned the Qatar-based leadership of Hamas, reiterating that the jihadist group had to regard for the lives of Gazans and represented an obstacle to ending the war and releasing the Israelis it held hostage.
The wording of Netanyahu’s message appeared to confirm that the strike targeting the Hamas leaders in Doha was not crowned with success.
“The Hamas terrorists chiefs living in Qatar don’t care about the people in Gaza,” wrote Netanyahu. “They blocked all ceasefire attempts in order to endlessly drag out the war.” He added that “Getting rid of them would rid the main obstacle to releasing all our hostages and ending the war.”
Israel is yet to officially comment on the result of the strike, which has incurred widespread international criticism.
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Trump Hosts Qatari Prime Minister After Israeli Attack in Doha
Qatar’s Prime Minister and Minister for Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani attends an emergency meeting of the United Nations Security Council, following an Israeli attack on Hamas leaders in Doha, Qatar, at UN headquarters in New York City, US, Sept. 11, 2025. Photo: REUTERS/Eduardo Munoz
US President Donald Trump held dinner with the Qatari prime minister in New York on Friday, days after US ally Israel attacked Hamas leaders in Doha.
Israel attempted to kill the political leaders of Hamas with an attack in Qatar on Tuesday, a strike that risked derailing US-backed efforts to broker a truce in Gaza and end the nearly two-year-old conflict. The attack was widely condemned in the Middle East and beyond as an act that could escalate tensions in a region already on edge.
Trump expressed annoyance about the strike in a phone call with Israeli Prime Minister Benjamin Netanyahu and sought to assure the Qataris that such attacks would not happen again.
Trump and Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani were joined by a top Trump adviser, US special envoy Steve Witkoff.
“Great dinner with POTUS. Just ended,” Qatar’s deputy chief of mission, Hamah Al-Muftah, said on X.
The White House confirmed the dinner had taken place but offered no details.
The session followed an hour-long meeting that al-Thani had at the White House on Friday with Vice President JD Vance and Secretary of State Marco Rubio.
A source briefed on the meeting said they discussed Qatar’s future as a mediator in the region and defense cooperation in the wake of the Israeli strikes against Hamas in Doha.
Trump said he was unhappy with Israel’s strike, which he described as a unilateral action that did not advance US or Israeli interests.
Washington counts Qatar as a strong Gulf ally. Qatar has been a main mediator in long-running negotiations for a ceasefire between Israel and Palestinian militant group Hamas in Gaza, for the release of Israeli hostages held in Gaza and for a post-conflict plan for the territory.
Al-Thani blamed Israel on Tuesday for trying to sabotage chances for peace but said Qatar would not be deterred from its role as mediator.