Israeli firms accused of profiting off Holocaust
Bank Leumi has denied it holds any such funds despite a parliamentary committee revealing in 2004 that the bank owes at least $75 million to the families of several thousand Holocaust victims. Analysts said the bank’s role is only the tip of an iceberg in which Israeli companies and state bodies could be found to have withheld billions of dollars invested by Holocaust victims in the country — dwarfing the high-profile reparations payouts from such European countries as Switzerland.
“All I want is justice,” said David Hillinger, 73, whose grandfather, Aaron, died in Auschwitz, a Nazi camp in Poland. Lawyers are demanding reparations of $100,000 for Bank Leumi accounts held by his father and grandfather. The allegations against Bank Leumi surfaced more than a decade ago following research by Yossi Katz, an Israeli historian.
He uncovered bank correspondence in the immediate wake of the Second World War in which it cited “commercial secrecy” as grounds for refusing to divulge the names of account holders who had been killed in the Holocaust.
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