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The injustices devoted opposed to hundreds of thousands of Europe's Jews didn't finish with the autumn of the 3rd Reich. lengthy after the Nazis had seized the assets of Holocaust sufferers, Swiss banks hid and appropriated their resources, hard that their survivors produce the loss of life certificate or banking files of the depositors so that it will declare their family's property--demands that have been often very unlikely for the petitioners to fulfill. Now the complete account of the Holocaust deposits affair is published by way of the journalist who first broke the tale in 1995. counting on archival and modern resources, Itamar Levin describes the Jewish people's decades-long attempt to come back loss of life camp sufferers' resources to their rightful heirs. Levin additionally uncovers the reality in regards to the habit of Swiss banking associations, their complicity with the Nazis, and their bold energy over even their very own "neutral" govt.
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Additional info for The Last Deposit: Swiss Banks and Holocaust Victims' Accounts
She presented this document to the Swiss authorities in order to receive an entry visa to that country, but her request was denied because she was without citizenship. Later, she repeated the request posing as a German citizen, and this attempt was successful. The French military government gave her the necessary permissions to travel to Switzerland, and provided her with ‘‘travel papers in lieu of passport,’’ as she had successfully proven she suffered persecution and that she still felt her personal safety was at risk even after the end of the war.
However, banking law does not authorize the disclosure of any details whatsoever to third parties who cannot prove that they have a right over these assets. It is thus the duty of the Polish state to start the legal procedure required to obtain a declaration of absence [of the account owner], then to ensure that no heirs exist and finally, to contact the depositary or bank who, when in possession of the necessary documents, will be only too happy to hand over the assets in question. 6 This document indicates that the SBA believed at the time that the country of origin of the owner of a dormant account was not entitled to inherit the account.
This sum was designated to be divided 28 The Last Deposit equally between Switzerland and the Allies. 6 million (the amount determined in the Bern Agreement, minus the advance paid to the International Refugee Organization). Second, Switzerland did not pay anything from its own coffers, but received immediate reimbursement from Germany. This was fine, since as has been said a number of times, Switzerland was supposed to stop holding property that was not theirs. It continued to hold a great deal of German property, however, and its banks even profited on the loans they gave West Germany to finance the agreement.