Lawyer to sue Swiss banks over Apartheid era role
An American lawyer intends to file lawsuits against European banks active in South Africa during the Apartheid era, targeting UBS and Credit Suisse in particular.
Ed Fagan, who is acting on behalf of victims of the Apartheid regime, previously represented the Swiss night-guard, Christoph Meili, who saved Holocaust-era archives from being shredded at UBS.
Fagan says he hopes to make claims to the tune of tens of billions of dollars on behalf of organisations and individuals who suffered during the Apartheid regime, as well as torture victims.
The New York-based lawyer says he has been working on the lawsuit for the past nine months and is very close to filing the claim, which he said would be lodged at a court in New York.
A non-governmental South African association “Jubilee South Africa” also plans to file claims against Swiss banks on behalf of victims of the Apartheid era.
swissinfo with agencies
More
How retiring baby boomers could crash Swiss property market
More
Flat-hunting in Switzerland’s cheapest and most expensive municipalities
More
The world’s strongest currency is also super-competitive
More
The Russia affair in the Swiss secret service: ‘This is espionage’
More
Swiss food labels must declare animal suffering from July
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.