Bank owned stake in firm that built crematoriums

February 17, 2006 16:35

Germany's Dresdner Bank AG financed Nazi arms makers and owned a stake in a company that built crematoriums at the Auschwitz concentration camp, authors of a bank-commissioned study said Friday. The 2,400-page, four-volume study is the result of seven years of work by a team of historians who scoured a huge number of the bank's files to detail its involvement with Adolf Hitler's regime before and during World War II. The report "calls things by their proper names, and we accept these truths, even if they are painful," Wulf Meier, a member of the bank's management board, said at a news conference in Berlin.

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