Israeli Firms Accused of Profiting Off Holocaust

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, notes Jonathan Cook.

Families Battle for Assets in Court

Israel’s second largest bank will be forced to defend itself in court in the coming weeks over claims it is withholding tens of millions of dollars in “lost” accounts belonging to Jews who died in the Nazi death camps.

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. More