“US Senators Challenge Credit Suisse’s Investigation into Nazi Accounts”

2023-04-21 22:46:01

Published on 20.04.2023

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Nazi Accounts » US senators are challenging a banking giant’s investigation into Nazi accounts.

A two-year investigation by Credit Suisse disproves claims that many Nazis in Argentina had accounts with the bank’s ancestor, but US senators dispute the way the research was conducted.

In 2020, the Simon Wiesenthal Center for Combating Anti-Semitism and Racism compiled a list of 12,000 Nazis living in Argentina, suspecting many of them of having had accounts with the Schweizerische Kreditanstalt (SKA), the former name of Credit Suisse.

At his request, Credit Suisse had agreed to open an investigation into his archives and commissioned the firm AlixPartners to do research. A team of 50 people reviewed some 480,000 documents for a total of 50,000 hours of work, the bank quantified on Tuesday evening.

“Investigators have found no evidence to support the Simon Wiesenthal Center’s allegations that numerous individuals on a list of 12,000 people in Argentina had accounts at Schweizerische Kreditanstalt (SKA), the bank that preceded Credit Suisse, during the Nazi period,” the statement read.

The investigation also found no evidence that eight long-closed accounts contained assets of Holocaust victims, the statement said.

But a special committee of the US Senate accuses the bank of having “limited the scope of internal research” and “leaving blind spots” in its investigation.

In addition, the work was initially supervised by an independent mediator, but Credit Suisse “unexplainably” ended its collaboration with him during the investigation, criticizes this commission. ATS/AFP

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