A German bankruptcy referee, appointed by a German court, has testified that a Jewish restitution bank whose officials are on trial here has ”in all probability” more than sufficient assets t cover its liabilities without loss to depositors.
The five Jewish bank officials are charged with violating foreign currency regulations and entering into fraudulent bankruptcy. In the summer of 1950 the Hess authorities opened bankruptcy proceedings against the bank amid a flood of publicity alleging embezzlement on the part of the defendants. The German referee today testified that the bank had assets in excess of 1,000,000 deutschemarks (approximately $250,000).
Joseph Klibansky, Germany’s best-knwon Jewish lawyer and one of the defendants in the government case against the Jewish restitution bank, was fined was fined $500 by a German judge for saying that he ”would regret it if the court were to extend its protection to the acts of the Third Reich.”
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
