An investigation published by lawmakers in the United States claims that Credit Suisse did not review all available records during its probe into bank accounts held by Nazis in the decades after the Second World War.
According to an independent reviewer’s report published by the Senate Budget Committee, just under 1,000 of 65,000 sets of records were available electronically for review, ReutersExternal link reported on Thursday.
On top of failing to include numerous relevant records in its probe, Credit Suisse also prevented the former probe ombudsman from seeing “critical” materials, the report said. “Out of respect for Holocaust victims and their families, we cannot turn a blind eye to these shortcomings,” Republican Senator Chuck Grassley, the panel’s ranking member, said in a statement.
AlixPartners, the consulting firm Credit Suisse hired to conduct the probe, and the former ombudsman did not immediately respond to Reuters’ requests for comment. A spokesperson for Credit Suisse referred Reuters to its April statementExternal link, reiterating its concerns over the ombudsman’s work.
In 2020, Credit Suisse commissioned an investigation into allegations by the Jewish human rights organisation Simon Wiesenthal Center that the bank had held Nazi-linked accounts and had failed to disclose them.
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Credit Suisse pressed by US senators over Nazi accounts probe
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Top US senators accuse Credit Suisse of failing to cooperate with allegations the bank concealed information about WWII Nazi accounts.
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