US Senate Finds Bank Credit Customer Suisse Affiliated Nazi, Including SS High Officer

Nazi illustration. (Mert Kahveci-Unsplash)

JAKARTA - The United States Senate (US) found the findings of Nazi-affiliated Credit Credit investment bank holders or customers.

Citing AFP, Sunday, January 5, the findings were based on an investigation by a US Senate panel that revealed Credit Suisse was hiding information about a number of its Nazi-controlled bank accounts during World War II.

The US Senate Budget Committee said on Saturday, January 4, it found tens of thousands of documents during an investigation into new evidence of the existence of Credit Suisse bank account holders linked to the Nazis during World War II.

The committee explained that there was a newly found set of files, including 3,600 physical documents and 40,000 microfilms. All of the files have a "high level of relevance" in relation to the Nazis.

During the previous investigation, the Committee said that Credit Suisse did not disclose the existence of related accounts, especially in the 1990s.

Credit Suisse, now a subsidiary of investment bank UBS, approved disbursing $1.25 billion in funds in 1998, as part of solving legal problems filed by Holocaust survivors.

However, during that period, Credit Suisse was accused of not being fully open about his past relationship with the Nazis.

This finding was stated based on a report from former US prosecutor Neil Barofsky, who was fired as an "independent Ombudsman" by Bank Credit Suisse in 2022.

Barofsky was fired after allegedly being pressured to limit his investigative work.

In the course of an investigation conducted by the US Senate Budget Committee after UBS took over Credit Suisse, Barofsky was re-employed in his role as an "independent Ombudsman".

On Saturday January 4, Barofsky wrote a letter to a US Senate panel: "A remarkable level of cooperation has been given by Credit Suisse, under the leadership of UBS."

However, he said Credit Suisse had not shared all the information it had.

The Wall Street Journal reported the findings of the Barofsky team, including bank accounts controlled by high-ranking SS Nazi officers.

The client's many files in the example are characterized by a stamp stating 'Americannische Schwartz Liste' which means 'American Black List' a list created by the Allies containing individuals and companies directly funded, or known to trade regularly with, the power of the Poros, Bargoy wrote in his letter.

"One file containing this stamp is related to an entity involved in the sale of looted Jewish assets," he continued.

When contacted by AFP, UBS admitted that it was committed to providing complete notes regarding accounts that were said to be related to Nazis in the precursors banks of Credit Suisse.

UBS added that it would provide all the necessary assistance to Barofsky in its work to uncover this.

Until now, the investigation of US Senate panels into Nazi-affiliated Credit Suisse bank accounts is still ongoing.