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Controversy over financial relationships with Nazi Germany
The commercial involvement of some Swiss banks with the Nazi regime, particularly the gold trade of the Swiss National Bank was the object of public attention between 1995 and 2000. The Bergier Commission estimated that roughly half of the 890 million USD transactions in gold by the German Reichsbank were effectuated with the involvement of Swiss banks. Switzerland was accused of violation of neutrality and prolongation of the war because of these transactions, with US Senator Alfonse M. D'Amato and attorney Edward Fagan providing particularly vigorous criticism. Stuart Eizenstat officially investigated the charges on behalf of the US administration. Dealings in gold with Nazi Germany were seen as particularly immoral because much of the gold in question had been looted from Jews killed in the Holocaust. Switzerland had already paid reparations to the Allies in 1952, but accusations in the 1990s were to the effect that these had been insufficient. In 1997, information released by whistleblower Christoph Meili revealed that the UBS AG destroyed records of assets belonging to Holocaust victims, which the Swiss banks were ordered to return to their lawful owners. After a Swiss-Jewish organization filed a complaint against the bank, the Swiss authorities reacted with an arrest warrant against the whistleblower. Meili managed to escape to the United States where he was granted political asylum. In 1999, the Swiss banks settled for the payment of 1.25 billon USD in additional reparations to a special Holocaust Fund.

2006-06-17 04:36:20 · answer #1 · answered by ? 6 · 4 2

Yes.They bankrolled funds for the Nazi party and foriegn companies including those in the US that did business with Nazi Germany.They also accepted stolen loot from high ranking Nazi officials and stored it for them.Hitler actually contemplated invading Switzerland but was talked out of it by his generals because they knew that the Swiss would fight them to the death.So it was better to keep them as a neutral partner and do businees with them.
Yeah is the answer to your question.

2006-06-17 04:40:14 · answer #2 · answered by bulldog 3 · 0 0

Switzerland had all their money hene the fact the nazi's never really bothered them,so it may have just seemed that way.

2006-06-17 04:37:02 · answer #3 · answered by Anonymous · 0 0

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