Credit Suisse accused of covering up Nazi gold ties

Neil Barofsky was fired for unexplained reasons. from overseeing Credit Suisse's investigation of Nazi connections. Photo: Craig Barritt/Getty Images for The New York TImes

Credit Suisse said yesterday that the results of the investigation did not support the main claims made by the Simon Wiesenthal Center.

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The bank said: “Investigators did not find evidence to support the SWC's claims that many individuals on the Argentine list of 12,000 names held accounts with Schweizerische Kreditanstalt (SKA), Credit Suisse's predecessor bank, during the Nazi period.

«The investigation also found no evidence that the eight long-closed accounts identified during this period contained the assets of any victims of the Holocaust.»

The bank added that Mr. Barofsky contained «numerous factual errors». misleading and unsubstantiated statements and unsubstantiated assertions based on an incomplete understanding of the facts.”

The dispute exacerbates the problems facing Credit Suisse, which was bought by UBS in a £2.6bn gracious takeover in Last year. per month.

This also comes about 25 years after two major Swiss banks reached a $1.25bn (£1bn) settlement with Holocaust victims.

This agreement settled claims that banks were unable to return assets to genocide survivors and victims' heirs. It also extends to the claims of victims whose assets were looted by the Nazis and placed in Swiss banks.