Three Republican senators have urged the Securities and Exchange Commission (SEC) to investigate whether Unilever and its subsidiary, ice cream maker Ben & Jerry’s, deceived shareholders and violated SEC rules after the latter decided to stop selling products in territories it considers to be illegally occupied by Israel.

Sens. Thom Tillis of North Carolina, John Kennedy of Louisiana, and Tim Scott of South Carolina — all members of the Senate Banking, Housing, and Urban Affairs Committee — wrote to SEC Chairman Gary Gensler in a December letter that was published by FOX Business on Wednesday. The senators drew attention to statements made after Ben & Jerry’s announced on July 19, 2021, that it would end ice cream sales in “Occupied Palestinian Territory” — namely eastern Jerusalem and the West Bank.

Ben & Jerry’s said that despite the move, it does not endorse the Palestinian-led Boycott, Divestment, Sanctions (BDS) campaign, which seeks to completely isolate Israel, and committed to staying in the country “through a different business arrangement.” Unilever supported its subsidiary’s decision, saying, “we also welcome the fact that Ben & Jerry’s will stay in Israel.” The British conglomerate further insisted that it “remains fully committed to our business” in the country.

However, “there is strong reason to believe that these July 19 statements were knowingly and recklessly false,” the lawmakers wrote. “It is a reasonable assumption that these statements were orchestrated by Unilever and its wholly-owned subsidiary, Ben & Jerry’s, to deceive shareholders and avoid violating state anti-BDS laws that would trigger mandatory divestment of the companies by state public pension funds.”... Read More: Algemeiner