Israeli Firms Accused of Profiting from Holocaust
source: http://www.palestinechronicle.com/view_article_details.php?id=15239
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By Jonathan Cook - Nazareth
Israel's second largest bank will be forced to defend itself in court in the coming weeks over claims it is withholding tens of millions of dollars in 'lost' accounts belonging to Jews who died in the Nazi death camps.
Bank Leumi has denied it holds any such funds despite a parliamentary committee revealing in 2004 that the bank owes at least $75 million to the families of several thousand Holocaust victims.
Analysts said the bank’s role is only the tip of an iceberg in which Israeli companies and state bodies could be found to have withheld billions of dollars invested by Holocaust victims in the country -- dwarfing the high-profile reparations payouts from such European countries as Switzerland.
“All I want is justice,” said David Hillinger, 73, whose grandfather, Aaron, died in Auschwitz, a Nazi camp in Poland. Lawyers are demanding reparations of $100,000 for Bank Leumi accounts held by his father and grandfather.
The allegations against Bank Leumi surfaced more than a decade ago following research by Yossi Katz, an Israeli historian.
He uncovered bank correspondence in the immediate wake of the Second World War in which it cited “commercial secrecy” as grounds for refusing to divulge the names of account holders who had been killed in the Holocaust.
“I was shocked,” said Dr Katz, from Bar Ilan University near Tel Aviv. “My first reaction was: ‘My God, this isn’t Switzerland!’ ”
In 1998, following widespread censure, Swiss banks agreed to pay $1.25 billion in reparations after they there were accused of having profited from the dormant accounts of Holocaust victims.
--click on the link above to continue the article--
- Jonathan Cook is a writer and journalist based in Nazareth, Israel. His latest books are “Israel and the Clash of Civilisations: Iraq, Iran and the Plan to Remake the Middle East” (Pluto Press) and “Disappearing Palestine: Israel's Experiments in Human Despair” (Zed Books). He contributed this article to PalestineChronicle.com. Visit: www.jkcook.net. A version of this article originally appeared in The National - www.thenational.ae - published in Abu Dhabi.
Israel's second largest bank will be forced to defend itself in court in the coming weeks over claims it is withholding tens of millions of dollars in 'lost' accounts belonging to Jews who died in the Nazi death camps.
Bank Leumi has denied it holds any such funds despite a parliamentary committee revealing in 2004 that the bank owes at least $75 million to the families of several thousand Holocaust victims.
Analysts said the bank’s role is only the tip of an iceberg in which Israeli companies and state bodies could be found to have withheld billions of dollars invested by Holocaust victims in the country -- dwarfing the high-profile reparations payouts from such European countries as Switzerland.
“All I want is justice,” said David Hillinger, 73, whose grandfather, Aaron, died in Auschwitz, a Nazi camp in Poland. Lawyers are demanding reparations of $100,000 for Bank Leumi accounts held by his father and grandfather.
The allegations against Bank Leumi surfaced more than a decade ago following research by Yossi Katz, an Israeli historian.
He uncovered bank correspondence in the immediate wake of the Second World War in which it cited “commercial secrecy” as grounds for refusing to divulge the names of account holders who had been killed in the Holocaust.
“I was shocked,” said Dr Katz, from Bar Ilan University near Tel Aviv. “My first reaction was: ‘My God, this isn’t Switzerland!’ ”
In 1998, following widespread censure, Swiss banks agreed to pay $1.25 billion in reparations after they there were accused of having profited from the dormant accounts of Holocaust victims.
--click on the link above to continue the article--
- Jonathan Cook is a writer and journalist based in Nazareth, Israel. His latest books are “Israel and the Clash of Civilisations: Iraq, Iran and the Plan to Remake the Middle East” (Pluto Press) and “Disappearing Palestine: Israel's Experiments in Human Despair” (Zed Books). He contributed this article to PalestineChronicle.com. Visit: www.jkcook.net. A version of this article originally appeared in The National - www.thenational.ae - published in Abu Dhabi.
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Mount_Zion
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This is a hilarious story. Then people wonder how they fall into a stereotype. Bernie Madoff would be proud of his fellow Jews.
- 2 years ago
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Mount_Zion
