Washington, D.C. (RI) — Iowa Senator Chuck Grassley is scheduled to chair a Senate Judiciary Committee hearing this morning to update an investigation into how Swiss banks may still be holding hoards of money Nazi leaders plundered from Jews during World War Two.
He says there are ties between the bank accounts and the German foreign office, a German arms maker, and the German Red Cross.
Grassley’s probe of the case first began in 2023, and he says new evidence is finding the Credit Suisse relationship with the Nazi SS was more extensive than previously thought.
Grassley staffers could not estimate how much money may be involved in the investigation, like funds that should be returned to the descendants of those who likely died in concentration camp gas chambers more than eight decades ago.
He says we’re still learning of cover-ups in these accounts from much more recently.
Grassley says one aim of the investigation is to make sure no more evidence is “swept under the rug,” though a Grassley staffer indicates there may still be decades of work ahead.
Credit Suisse no longer exists and has been integrated into UBS, formerly the Union Bank of Switzerland.
The Senate Judiciary Committee hearing is scheduled to start at 9:15 a.m. CST.
KIWA Staff Photo
