A Bolivian court denied, Friday, an application for bail by attorneys representing Jacob Ostreicher of New York, who has been imprisoned in the South American country for a year and a half on suspicion of money laundering, although no formal charges have been filed. The accusation apparently stems from a dispute over an investment by Ostreicher in a Bolivian rice-farming project.
The decision followed a ten-hour hearing, spread over two days. At one point, it appeared there was a chance that Ostreicher had a reasonable chance of being released to house arrest. Family and friends are mounting a campaign of international pressure for his release. Prayers were said in synagogues on Shabbat for the release and rescue of Ya'akov-Yehuda ben Scheindl.