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Article: MK: Holocaust heirs losing millions of dollars to Jewish organizations
- Article from:
- Jerusalem Post
- Article date:
- January 15, 2002
- Author:
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Headline: MK: Holocaust heirs losing millions of dollars to Jewish
organizations
Byline: NINA GILBERT
Edition; Daily
Section: News
Page: 04
Tuesday, January 15, 2002 -- World Jewish organizations are set to
"rake into their coffers" some $1 billion in unclaimed funds allocated
by Swiss banks to compensate for assets from dormant Holocaust-era
accounts, Herut MK Michael Kleiner said.
Only some 3 percent, or $37 million, of the $1.25 billion coming from
the settlement with the Swiss banks is likely to be paid to the legal
heirs of the assets, according to an estimate obtained by Kleiner.
The deadline for submitting claims was January 1.
Kleiner attributes ...