Swiss banks 'pay $1.24 billion to Jewish victims'
Swiss banks 'pay $1.24 billion to Jewish victims'
Holocaust survivors and victims' heirs have received $1.24 billion from a Swiss fund set up after a scandal over dormant accounts of Jews killed in the Second World War, a magazine said on Monday.
The Swiss-Jewish weekly Tachles said the figure was contained in a report by New York judge Edward Korman, who oversees the management of the fund.
Korman's report summed up operations since a landmark 1998 deal between the World Jewish Congress and Swiss banks.
The banks were accused of keeping money owned by Jews who had hidden funds in secret accounts in neutral Switzerland but then perished in the Holocaust, and of having given heirs the cold shoulder when they tried to track down the money.
http://www.thelocal.ch/19700101/swiss-banks-pay-1-24-billion-to-holocaust-victims