Jewish groups pursue new compensation over Nazi-linked Swiss bank accounts

An investigation into alleged mishandling of Holocaust victims’ funds is reportedly nearing completion

Swiss banking giant UBS could be on the hook for billions in restitution to Holocaust survivors, if allegations by Jewish groups are proven of undisclosed Nazi legacy accounts inherited from collapsed Credit Suisse.

UBS is completing its investigation into the matter, according to Bloomberg.

Ronald Lauder, president of the World Jewish Congress and a key figure behind the $1.25 billion settlement with Swiss banks in 1998, told Bloomberg he believes that the banks owe much more.

”We probably left $5 to $10 billion on the table,” he said.

In 2020…

Read the full article at RT.COM