Naot Hapisga Modi'in Ltd. postpones attempt to raise capital following B'Tselem's and Bimkom's letter to the Securities Authority

30 August 2006

On 28 August 2006, B'Tselem and Bimkom wrote to the Securities Authority's enforcement supervisor to inform the authority about errors in the prospectus issued by Naot Hapisga Modi'in Ltd. on 22 August. Today it was reported that the company decided, following B'Tselem and Bimkom's letter, to postpone its efforts to raise capital.

In December 2005, B'Tselem and Bimkom published a comprehensive report on the route of the Separation Barrier, in which the two organizations analyzed cases in which the route was significantly affected by plans to expand settlements, and the effect of the planned route on the human rights of Palestinians. One of the cases involved Modi'in Illit, where the organizations found that the barrier was set to promote the expansion of the bloc of settlements centering around Modi'in Illit, in part by taking control of privately-owned Palestinian farmland.

On 22 August, the company filed a prospectus in advance of making a public offering of bonds and options. B'Tselem and Bimkom compared the information in the prospectus with the information they had accumulated during their investigation. They found many errors in the prospectus relating to the Naot Hapisga project that the company is building in Modi'in Illit. The errors create a false picture in an attempt to conceal some of the substantial problems that the company faces in building the project.

The claims raised in the letter are limited to the misleading information presented in the prospectus, and do not include a comprehensive description of how the project violates the human rights of the Palestinians living in the nearby villages. These violations are fully discussed in the organizations' report, which they published in December 2005.

Some of the main points made in the B'Tselem's and Bimkom's letter follow.

According to the prospectus	in actual fact
The project is adjacent to the Green Line	The project's Western-most point is 3 km east of the Green Line
The project is being constructed west of the Separation Barrier	Part of the Barrier's route in this area is under the High Court's scrutiny, and therefore has not been finalised.
Construction of the Separation Barrier in this area has been completed.	Not all sections of the Barrier have been completed, and there is a High Court injunction preventing its continued construction in one section.
Construction of the Matityahu East project has been completed.	On 12.1.06, the High Court ordered a freeze on construction of this project, therefore it is not completed.
Matityahu East reaches the valley south of the Neot Hapisga project area.	A wide area bordering the project to the south, is not contained within the Settlement's municipal area, and is not included in any valid plan for the building or expansion of the settllement. The area is densly planted with olive trees, and is cultivated by residents of Bil'in.

Suggested items

The Elimination Project: Israel’s Systematic Dismantling of Palestinian Collective Life in the West Bank

Open-Fire Policy

New B’Tselem report: Israel is carrying out an elimination project in the West Bank

B’Tselem’s most comprehensive report to date on Israeli policy in the West Bank finds that Israel is using five mutually reinforcing mechanisms to dismantle Palestinian collective existence there and forcibly reorganize the territory to establish a permanent, contiguous Jewish-Israeli presence and sovereignty.Since late 2022, and especially since October 2023, Israeli policy in the West Bank has entered a new phase. Israel has sharply escalated longstanding policies of control, violence and dispossession, implementing them more openly, more violently and at a faster pace. These measures are also becoming increasingly institutionalized in government policy and practice.With this process intensifying by the day, B’Tselem is publishing The Elimination Project, a 200-page report based on an analysis of approximately 2,000 testimonies from Palestinians in the West Bank, additional field research and decades of documentation. The report traces the acceleration and expansion in recent years of longstanding Israeli policies and practices.“What Palestinians are living through in the West Bank is not a series of separate incidents. It is a single political project that reaches into every part of life,” said B’Tselem Executive Director Yuli Novak. “Communities are being expelled, the economy is being pushed toward collapse, and millions are living in constant fear of Israeli military or settler violence. These mechanisms work together to dismantle Palestinian collective life while entrenching a permanent system of Jewish supremacy across the West Bank. The world is watching and still failing to respond with anything close to the urgency this demands.”How the Elimination Project worksThe report identifies five interconnected mechanisms through which Israel is advancing this project across the West Bank:Violence and intimidation: Israel is using military forces and armed settler militias to impose violence, fear and coercion. From 7 October 2023 through 31 August 2026, Israel killed 1,107 Palestinians in the West Bank, including 245 children.Ethnic cleansing and territorial takeover: Israel is using military operations, demolitions and state-backed settler farms and outposts to drive Palestinians from their land and expand Jewish presence there. To date, 75 Palestinian communities have been forcibly displaced; settler farms and outposts have taken control of 1.07 million dunams of land (18% of the West Bank); and about 33,000 Palestinians have been displaced from refugee camps in the northern West Bank.Movement restrictions: Israel is fragmenting Palestinian space through checkpoints, gates and roadblocks. By the end of 2025, OCHA documented 925 movement obstacles throughout the West Bank.Economic strangulation: Israel is using its control over employment, Palestinian revenues, finance and infrastructure to deepen economic crisis and dependence. Unemployment rose from 13.1% in 2022 to over 31% in 2024, amid mass permit revocations and intensified withholding of revenues.Social and political destruction: Israel criminalizes political organizing, raids and shuts down civil society offices, suppresses protests and arrests activists, students and journalists. Since October 2023, Israel has arrested at least 60 Palestinian journalists from the West Bank.The political blueprint: The report identifies Bezalel Smotrich’s 2017 Decisive Plan as a key document for understanding the current escalation. Its strategy of “victory through settlement” seeks to make Jewish sovereignty irreversible through settlement expansion, land takeover and Palestinian displacement, while leaving Palestinians three options: submit to Jewish supremacy, leave, or face military repression. Though the plan was never formally adopted as government policy, Smotrich now holds broad powers over planning, land and enforcement in the West Bank, and core elements of its logic are increasingly reflected in state policy and practice.Decades in the making: The Elimination Project long predates the 2017 plan and the current Israeli government. B’Tselem situates the current Israeli assault on Palestinian life within a long-term settler-colonial project operating through Israel’s apartheid regime. In the Gaza Strip, this logic has reached its most extreme form in the genocide Israel is committing; in the West Bank, the current government has accelerated the project and made its mechanisms more overt.International responsibility: B’Tselem calls on governments and international institutions to stop treating Israel’s violations as isolated incidents, stop enabling Israel’s crimes, protect Palestinians and act to end Israel’s apartheid regime and military rule. A just future requires a political order based on freedom, justice, equality and democracy for all who live on the land between the Jordan River and the Mediterranean Sea, with full realization of individual and collective rights and equal political participation.B’Tselem Executive Director Yuli Novak said: “Palestinians are being left exposed to escalating violence while Israel advances its project of elimination in the West Bank. Governments cannot condemn these crimes while granting Israel the impunity to continue. Together with international institutions, they must use every means available under international law to stop Israel’s crimes and halt the machinery of violence and destruction that is tearing Palestinian life apart.”The full report, executive summary, maps, and graphs are available at the following link: https://www.btselem.org/elimination/?lang=en

14 September 2026

Open-Fire Policy

The Elimination Project

Since the current Israeli government took office at the end of 2022, and even more so since October 2023, Israel has dramatically escalated its assault on all aspects of Palestinian life in the West Bank. At any moment, Palestinians may be exposed to violence by soldiers or armed settler militias, arrested and imprisoned, subjected to abuse and humiliation, and sometimes even killed.The Elimination Project draws on more than 2,000 testimonies B’Tselem collected from Palestinians since October 2023 and over three decades of documenting the Israeli apartheid regime’s human rights abuses in the West Bank. The report looks at the current reality not as a collection of isolated incidents or specific harms, but as part of a comprehensive mechanism of elimination that works to dismantle the conditions for continued Palestinian existence in the West Bank, while deepening Jewish control and supremacy in an irreversible manner. An examination of the current reality in the West Bank reveals that the project of elimination is now being implemented more openly, directly and violently than before, and increasingly relies on cooperation between official state authorities and settler militias operating in the West Bank with state backing and support.

14 September 2026

The Baten al-Hawa neighborhood. Photo: Omri Eran-Vardi, Activestills, 4 January 2025

East Jerusalem

The ethnic cleansing in East Jerusalem is happening now - Large Israeli forces are currently entering the Silwan neighborhood to evict 11 Palestinian families from their homes.

Amidst the ongoing illegal and lethal Israeli-American offensive against Iran, Israel is expanding its ethnic cleansing in East Jerusalem, throwing Palestinian families into the streets.Initial reports from the ground: Police forces have sealed off the entire neighborhood and are preventing anyone includes journalists from entering. Preliminary reports indicate violence and the arrest of family members. At this very moment, settlers brought to evacuate the houses are actively throwing the families' belongings out of the windows.The eviction of 11 families, which is taking place at this very moment, marks the beginning of a massive displacement wave: approximately 2,200 people in Silwan are facing an imminent threat of forced displacement - 150 families (1,500 individuals) in al-Bustan and 90 families (700 individuals) in Baten al-Hawa.The forcible displacement follows the Israeli Supreme Court's decision to dismiss the appeals of 20 Palestinian families from Baten al-Hawa, leaving 136 individuals at immediate risk of losing their homes.This is the reality of systematic, institutionalized violence and a clear manifestation of an Israeli policy aimed at engineering the demographic balance and "Judaizing" the neighborhood by exploiting discriminatory laws. These measures are designed to expand Israeli presence and control over one of the most politically and religiously sensitive areas in the region, serving as a crucial component of the broader ethnic cleansing currently unfolding across the West Bank.

25 March 2026