>>U.S. Holocaust assets attorney set to tackle Swiss banks over apartheid links
>>Sun Jun 16, 2:19 PM ET
>>By JONATHAN FOWLER, Associated Press Writer
>>GENEVA - An American attorney best known for his efforts to win compensation from Swiss banks for Holocaust victims is set to tackle the financiers again on behalf of people who suffered under South Africa's apartheid-era regime.
>>
>>Ed Fagan is expected to file a class action lawsuit in a Manhattan court seeking 80 billion Swiss francs (dlrs 51 billion) from the banking giants UBS and Credit Suisse citing their assistance to South African authorities from 1985 to 1993, when the country was under a United Nations ( news - web sites) embargo, the SonntagsZeitung newspaper reported. The banks helped the white-dominated regime, which was struggling as foreign capital fled the country, with loans and other business deals worth billions of francs (dollars).
>>Fagan represented Holocaust victims and their heirs who forced Swiss banks into a dlrs 1.25 billion settlement in 1998. The plaintiffs alleged the banks had made it almost impossible for recover money deposited for safekeeping as the Nazis swept across Europe, demanding lost documents to prove ownership and even death certificates of people killed in Nazi concentration camps.
>>In an interview with the SonntagsZeitung, a South African lawyer who is working with Fagan said the banks"should be financially answerable for the suffering they caused the black population."
>>"The regime would never have survived so long if it had not been propped up after 1985 by firms whose only motive was profit," said Dumisa Ntsebeza."Now they should do something to help build the country and aid the victims of apartheid."
>>South Africa's white minority controlled the country from 1948 until 1994.
>>"South Africa is now a democratic country and every citizen has the right to turn to the courts," Ntsebeza said. A telephone hot line for victims who wanted to join the case would be opened in South Africa Monday, he said.
>>Thomas Pletscher, a board member of Switzerland's main financial industry group, Economiesuisse, told The Associated Press Sunday that he was unaware of the case. He refused to comment on SonntagsZeitung reports that the group had discussed the banks' past links with South Africa at a meeting last month.
>>Credit Suisse spokeswoman Karin Rhomberg said the bank saw"no grounds" for the lawsuit.
>>"We are against all forms of racism, but it's absurd that our group should be held jointly responsible for the wrongs of the apartheid system," she said."There is no factual evidence to back this."
>>UBS spokesman Michael Willi said he knew nothing of the case and declined to comment.
>>Neutral Switzerland never joined U.N. sanctions against the apartheid regime and has faced other criticism over its ties with South Africa.
>>Last year Swiss authorities said they were reopening an investigation into links between the country's intelligence service and apartheid-era South Africa after reports that the Alpine nation's former spy chief helped the racist government in its plans to develop chemical and biological weapons for use against blacks.
>>An earlier inquiry in 1999 cleared the Swiss intelligence service and its chief Peter Regli — who is now retired — of colluding with the former head of South Africa's chemical and biological warfare program, Woutter Basson. But during a trial last year Basson claimed he had enjoyed good contact with the Swiss and particularly with Regli.
>>Quelle: Yahoo
>Wenn die Bundesrepublik ca 500 MRD DM Haushalt im Jahr hat kann ich mir nicht vorstellen daß die Schweiz einen Haushalt von 80 MRD Schweizer Franken hat.
>Ist dieser Fagan größenwahnsinnig und was ist dieser überhaupt für ein Kotzbrocken?
>Hoffentlich werdet ihr Schweizer nicht okkupiert durch die US-Armee;-)
>Wenn sie einmarschieren wollen kommen wir Deutschen in einer Nacht und Nebelaktion von hinten und räumen den Tresor leer bevor die Amis an diesen kommen.;-)
>Ich weiß nicht ob man diese ganzen Meldungen überhaupt noch Ernst nehmen kann.
>Ein Aberwitz der Geschichte.
>Als Schweizer würde ich mir aber schnell einen zusätzlichen Ausweis zulegen;-)
>Gruß EUKLID

Es geht nur um die UBS und CS, nicht um die Schweiz. Sollte diese Klage im vollen Umfang durchkommen, dann lüpft es diese beiden Banken garantiert. Lustigerweise passt Fagans Klage haargenau zu meinem EW-Szenario, wo ich diese beiden Banken auf das 98-er Low fallen sehe. Danach dürfte es zumindest bei der UBS ein neues ATH geben. CS wahrscheinlich auch.
Ich vermute, dass mit dieser schamlosen Klage, eine Ãœbernahme vorbereitet wird.
Zu Fagan enthalte ich mich lieber eines Kommentares.
Ich bin mal gespannt, ob die Märkte diese Klage ernstnehmen.

Gruss

Pancho

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>>U.S. Holocaust assets attorney set to tackle Swiss banks over apartheid links
>>Sun Jun 16, 2:19 PM ET
>>By JONATHAN FOWLER, Associated Press Writer
>>GENEVA - An American attorney best known for his efforts to win compensation from Swiss banks for Holocaust victims is set to tackle the financiers again on behalf of people who suffered under South Africa's apartheid-era regime.
>>
>>Ed Fagan is expected to file a class action lawsuit in a Manhattan court seeking 80 billion Swiss francs (dlrs 51 billion) from the banking giants UBS and Credit Suisse citing their assistance to South African authorities from 1985 to 1993, when the country was under a United Nations ( news - web sites) embargo, the SonntagsZeitung newspaper reported. The banks helped the white-dominated regime, which was struggling as foreign capital fled the country, with loans and other business deals worth billions of francs (dollars).
>>Fagan represented Holocaust victims and their heirs who forced Swiss banks into a dlrs 1.25 billion settlement in 1998. The plaintiffs alleged the banks had made it almost impossible for recover money deposited for safekeeping as the Nazis swept across Europe, demanding lost documents to prove ownership and even death certificates of people killed in Nazi concentration camps.
>>In an interview with the SonntagsZeitung, a South African lawyer who is working with Fagan said the banks"should be financially answerable for the suffering they caused the black population."
>>"The regime would never have survived so long if it had not been propped up after 1985 by firms whose only motive was profit," said Dumisa Ntsebeza."Now they should do something to help build the country and aid the victims of apartheid."
>>South Africa's white minority controlled the country from 1948 until 1994.
>>"South Africa is now a democratic country and every citizen has the right to turn to the courts," Ntsebeza said. A telephone hot line for victims who wanted to join the case would be opened in South Africa Monday, he said.
>>Thomas Pletscher, a board member of Switzerland's main financial industry group, Economiesuisse, told The Associated Press Sunday that he was unaware of the case. He refused to comment on SonntagsZeitung reports that the group had discussed the banks' past links with South Africa at a meeting last month.
>>Credit Suisse spokeswoman Karin Rhomberg said the bank saw"no grounds" for the lawsuit.
>>"We are against all forms of racism, but it's absurd that our group should be held jointly responsible for the wrongs of the apartheid system," she said."There is no factual evidence to back this."
>>UBS spokesman Michael Willi said he knew nothing of the case and declined to comment.
>>Neutral Switzerland never joined U.N. sanctions against the apartheid regime and has faced other criticism over its ties with South Africa.
>>Last year Swiss authorities said they were reopening an investigation into links between the country's intelligence service and apartheid-era South Africa after reports that the Alpine nation's former spy chief helped the racist government in its plans to develop chemical and biological weapons for use against blacks.
>>An earlier inquiry in 1999 cleared the Swiss intelligence service and its chief Peter Regli — who is now retired — of colluding with the former head of South Africa's chemical and biological warfare program, Woutter Basson. But during a trial last year Basson claimed he had enjoyed good contact with the Swiss and particularly with Regli.
>>Quelle: Yahoo
>Wenn die Bundesrepublik ca 500 MRD DM Haushalt im Jahr hat kann ich mir nicht vorstellen daß die Schweiz einen Haushalt von 80 MRD Schweizer Franken hat.
>Ist dieser Fagan größenwahnsinnig und was ist dieser überhaupt für ein Kotzbrocken?
>Hoffentlich werdet ihr Schweizer nicht okkupiert durch die US-Armee;-)
>Wenn sie einmarschieren wollen kommen wir Deutschen in einer Nacht und Nebelaktion von hinten und räumen den Tresor leer bevor die Amis an diesen kommen.;-)
>Ich weiß nicht ob man diese ganzen Meldungen überhaupt noch Ernst nehmen kann.
>Ein Aberwitz der Geschichte.
>Als Schweizer würde ich mir aber schnell einen zusätzlichen Ausweis zulegen;-)
>Gruß EUKLID

Hallo Euklid

Dein Ausbruch tut unendlich gut.
Eigentlich muessten wir uns Schweizer endlich
mal selber an der Nase nehmen und uns
auf unsere wehrhaften Vorfahren besinnen.
Es ist einfach zu unertraeglich, was wir uns von
diesem Blutsauger Ed Fagan bieten lassen und
von der willfàhrigen Zudienerei unserer Sieben Zwerge.

Gruss antares
aus bella Italia


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>Ich bin mal sehr gespannt, gegen welches Gesetz diese Banken verstossen haben sollen. Wenn Ethik ne Rolle spielt, schreib ich an dem Tag, an dem diese Klage durchkommt, ne Klageschrift gegen sämtliche Waffenproduzenten und gegen die US-Regierung.
>Gruss,
>D.

Besser das Geld bei der Bank alles abheben und nichts mehr dort belassen.Dann können sie klagen gegen den leeren Tresor oder sie müßten bares drucken.

Gruß EUKLID

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