After 6 Decades, Banks start returning Holocaust victims' assets


The Jerusalem Post reports:  

For the first time in Israel's history, Israeli banks that have held for over six decades the assets of Jews who perished in the Holocaust have begun on Tuesday to return the money to their heirs.

The move, which began this week with the transfer of some NIS 25m. to the government-run Holocaust Victims Assets Restitution Company, comes in the wake of a two-year negotiating process in which Israel's banks have admitted and begun to investigate their holdings of Holocaust-era Jewish property, mostly in the form of bank accounts.

The funds will be transferred in the coming days and weeks to the heirs of the account-holders, many of whom are themselves survivors of the Holocaust.

Why does it take over 60 years for Holocaust victims to get their stuff back?



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