An American judge has denied rumours that the two big Swiss banks, UBS and Credit Suisse, have agreed to allow investigators to probe over two million Holocaust-era accounts.This content was published on May 5, 2000 - 07:16
The judge, Edward Korman, is responsible for implementing a 1998 agreement between the banks and Jewish groups to compensate Holocaust victims and their heirs with claims to pre-war Swiss bank accounts.
Opening the two million accounts to scrutiny could speed up the disbursement of the $1.25 billion settlement. An independent commission has called on the banks to allow more than four million accounts to be investigated.
The $1.25 billion cannot be distributed until investigators have determined how many accounts belonged to Holocaust survivors, and how much compensation should be paid.
swissinfo with agencies
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