NP(?): IG Farben bankruptcy

[XmasPoo]

(for all non-German P-friends, here's an English news site
-nika)


http://news.bbc.co.uk/1/hi/business/3257403.stm


Former Zyklon-B maker goes bust

By Jonathan Charles
BBC Europe correspondent

The German company which produced the poison gas used in Nazi
concentration camps during the Second World War is to file for
bankruptcy.
IG Farben employed thousands of slave labourers at the Auschwitz death
camp and its Zyklon-B was used to murder millions of Jews and other
prisoners.
The company is one of the few surviving reminders of Germany's Nazi
past.
It was stripped of all of its chemical plants by the Allies after the
Second World War, but continued to control a variety of other assets.
Now IG Farben says it is filing for bankruptcy after an investor
defaulted on payments.

Embarrassment

The firm's name will be linked forever to the holocaust and the murder
of six million Jews.
IG Farben manufactured the poisonous Zyklon-B chemical which was used in
the gas chambers.
The firm's factories included a synthetic rubber plant at the Auschwitz
concentration camp where 30,000 people worked until they died or were
deemed unfit and sent to the gas chambers.
Some of the slave labourers were compensated in the 1950s.
But more controversially, IG Farben refused to join a national
compensation fund that was set up in 2001 to pay others who had
suffered.
The company's shares have remained listed on the Frankfurt stock
exchange since the war, an embarrassment to Germany.
Bankruptcy is likely to bring further disputes though.
Some have argued that whatever money IG Farben has left should now be
used to pay victims of its activities rather than other creditors.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/3257403.stm

Published: 2003/11/10 12:57:34 GMT

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