How Bank of England ‘helped Nazis sell gold stolen from Czechs’

Bank of England records detailing its involvement in the transfer and sale of gold stolen by Nazis after the invasion of Czechoslovakia were revealed online on Tuesday. The gold had been deposited during the 1930s with the Bank of International Settlements (BIS), the so-called Central Banker’s bank, as the Czechoslovak government faced a growing threat from Germany. The document goes on to detail how a request was made in March 1939 to transfer gold, then worth £5.6m, from a Czech National Bank account at the BIS to an account operated by Germany’s Reichsbank. Some £4m of the gold went to banks in the Netherlands and Belgium, while the rest was sold in London.”

http://www.theguardian.com/business/2013/jul/31/bank-of-england-and-nazis-stolen-gold

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