The Swiss bank Credit Suisse served Nazi clients and related accounts until 2020.
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This is stated in the investigation of the US Senate Budget Committee.
According to a press release, the investigation found that Credit Suisse maintained accounts for at least 99 people who were either high-ranking Nazi officials in Germany or members of Nazi-linked groups in Argentina.
70 accounts associated with Argentine Nazi associations were opened after the end of the Second World War. At least 14 of these accounts remained open into the 21st century. The investigation also uncovered 21 accounts of known high-ranking Nazis, including one belonging to a commander convicted in Nuremberg, this account remained open until 2002.
According to the committee, the last such accounts were closed in 2020. In the same year, the bank began the internal review sought by the Simon Wiesenthal Center. The bank hired consulting firm AlixPartners for this review. In 2021, at the request of the center, the bank hired lawyer Neil Barofsky to oversee the work of AlixPartners and act as an independent ombudsman.
In 2022, Barofsky was removed from office, and the US Senate Budget Committee began its investigation, which found that Credit Suisse, at first facilitating the review, later severely limited the internal investigation, and also refused to check new leads identified by experts.
In turn, the press service of Credit Suisse on April 18, 2023 published a statement stating that accounts of Argentine Nazis were indeed found in the bank, however, the press service insists, they were opened years, and in some cases decades, after the end of Second World War.
Based on this, the bank concludes that these accounts are not relevant to the claims of the Simon Wiesenthal Center that they may have held the funds of Holocaust victims. However, Credit Suisse has decided to hire another firm, Clifford Chance, to verify the results of the AlixPartners investigation.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.