Study says Jews were deprived of up to 320 billion dollars in the Holocaust

21 Apr 2005

An Israeli government report has found that Jewish valuables and property which were lost as a consequence of the Shoah amount to US$ 230 – 320 billion in today's terms. The precedent-setting study, issued this week, determined this amount which includes a valuation of properties confiscated by the Nazis, and unpaid income for slave labor. According to the Israeli newspaper "Ha’aretz", a panel under Israel’s minister for Diaspora affairs, Natan Sharansky, concluded in the report that outstanding reparations must be demanded not only from Germany, but also from banks and insurance companies in the United States and Israel that have unclaimed accounts belonging to Holocaust victims.