A group of Swedish banks proposed today to the Swedish Government the formation of a Humanitarian Foundation of unclaimed property deposited in Swedish banks and believed to belong to victims of the Nazi period.
The assets amount to about 3,100,000 Swedish kroner ($620,000). The bank officials said that, since the owners and heirs had not sought the money since 1945, it was reasonable to assume that they had perished. The plan is to use the income from the fund to help former victims of Nazism now living in Sweden. The bankers suggested that about 20 percent of the total assets should be set aside to pay the owners, if any of them should turn up later.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
