Monday, November 16, 2009

Swiss banks Aren't the Only Ones Holding Out

Le Monde published an interesting article today regarding the payment of 25 million Shekels ($6.7 million dollars) by three Israeli banks to The Company for Restitution of Holocaust Victims Assets (an organization set up to oversee reparations to Holocaust survivors and their descendants). Apparently, goods belonging to Holocaust survivors (including land, furniture, etc...) have been held by 5 Israeli banks for the past sixty years. Only recently have 3 of these 5 banks agreed to find the survivors (and their families) and give them their financial due.

What the article doesn't address however, is how or why Israeli banks have these goods and how they acquired them. From the survivors themselves? From Swiss banks? From relatives? Interestingly, I haven't found any other articles about this issue in Israeli or Jewish papers.

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