Melbourne,Australia – The former directors of Yeshiva College have been sent letters of demand by the Australian Taxation Office (ATO), which is investigating a debt of more than $500,000 accumulated by the college before it was taken over by Meir Moss and the new board of Kesser Torah College (KTC).
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At that time, the Yeshiva directors – which included four rabbis – and the new college board signed a deal that stated that KTC would pay the tax debt.
To date, the debt has not been paid, and according to former Yeshiva College spiritual dean Rabbi Pinchus Feldman, the ATO is now seeking payments from the former Yeshiva directors, including rabbis Pinchus and Yosef Feldman, Jacob Leider and Dovid Slavin.
Rabbi Pinchus Feldman said: "There was a deal that they were going to pay the tax we were liable and accepted the responsibility, but after we gave Moss the property, [for] which we had a buyer [offering] $23 million, he agreed to pay the debt, which was around $540,000."
But according to a KTC source, who spoke on condition of anonymity, the college does not intend to pay the tax debt because it claims the Feldmans broke the deal by opening a school in competition with KTC. [AJN]