U.S. lawmakers have accused embattled Swiss bank Credit Suisse of limiting the scope of an internal investigation into Nazi clients and Nazi-linked accounts, including some that were open until just a few years ago.
Swiss bank Credit Suisse CEO Ulrich Koerner, third right, leaves the stage after the annual shareholders' meeting of the Swiss banking group on April 4, 2023, in Zurich, Switzerland.
Despite the hurdles, the reports from the ombudsman and a forensic research team revealed at least 99 accounts of senior Nazi officials in Germany or members of a Nazi-affliliated groups in Argentina, most of which were not previously disclosed, the committee said Tuesday.
The budget committee is “leaving no stone unturned when it comes to investigating Nazis and seeking justice for Holocaust survivors and their families, and we commit to seeing this investigation through,” said Chairman Sheldon Whitehouse, a Democrat from Rhode Island. Credit Suisse said its two-year investigation into the questions raised by the Simon Wiesenthal Center found “no evidence” to support the allegations “that many people on an Argentine list of 12,000 names had accounts at Schweizerische Kreditanstalt” — the predecessor of Credit Suisse — during the Nazi era.
Its troubles haven’t ended with the rescue. The U.S. Senate Finance Committee said last month that a two-year investigation showed that Credit Suisse violated a plea agreement with U.S. authorities by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes. Others include German businessmen, scientists and another Nazi commander who were all either tried and acquitted or imprisoned and released.The Senate committee, which oversees budget requests related to the State Department’s Office of the Special Envoy for Holocaust Issues, issued a subpoena for the reports after new leadership at Credit Suisse paused its internal investigation last year.
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Credit Suisse faulted over probe of Nazi-linked bank accountsU.S. lawmakers have accused embattled Swiss bank Credit Suisse of limiting the scope of an internal investigation into Nazi clients and Nazi-linked bank accounts.
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