(June 20, 2002) Four South Africans are seeking US $50 billion in reparations from United States and Swiss banks and companies who they allege profited from doing business with the apartheid government.
Other News Sources
Ten die in Chongqing garbage-mountain collapse
(June 20, 2002) Ten people were killed when a massive garbage mountain collapsed in urban Chongqing last week, burying them alive, the Chongqing Morning Post (Chongqing Chenbao) reported.
Apartheid victims sue Citigroup, others
(June 19, 2002) Four apartheid victims filed suit on Wednesday against Citigroup Inc., UBS AG and Credit Suisse, alleging the banking companies helped finance the violent South African apartheid regime and made billions in loans to further its crimes against humanity.
Rainstorms trigger hundreds of rockfalls in Chongqing area
(June 19, 2002) Torrential rain in recent weeks has caused a spate of serious geological incidents, a local newspaper reports.
Hearing resumes in Bamaiyi’s bribery allegation against judge
(June 18, 2002) The panel of inquiry set up by the National Judicial Council (NJC) to investigate the allegation of bribery and corruption against Justice Augustine Ade-Alabi, will resume sitting four months after it commenced hearing on the matter.
Swiss and U.S. banks face huge apartheid lawsuits
(June 18, 2002) A U.S. lawyer who helped force Swiss banks into a $1.25-billion (U.S.) settlement for Nazi victims said yesterday he would file suit against top Swiss and U.S. banks for propping up South Africa’s former apartheid regime.
Banks sued for $50bn in SA class action
(June 18, 2002) A group of apartheid’s victims are suing three banks which breached the international sanctions against white South Africa for $50bn damages.
Donors tell World Bank to block dam in Uganda
(June 18, 2002) The fate of Africa’s biggest commercial investment hung in the balance yesterday after the World Bank postponed a decision on whether to fill a massive funding shortfall left by the withdrawal of sceptical financiers.
Presidency to Senate: no Abacha money is missing
(June 17, 2002) The presidency has denied that N11.7 billion of the total amount recovered from friends and family of late head of state, General Sani Abacha, was not paid into the looted fund account and is therefore missing.
US lawyer to tackle apartheid profiteering
(June 17, 2002) US attorney Ed Fagan said on Sunday he planned to initiate a class action lawsuit in the US against Switzerland’s two biggest banks and a US bank on behalf of victims of South Africa’s former apartheid regime.
Swiss jeer apartheid claim lawyer
(June 17, 2002) An American claims lawyer who helped to force Swiss banks into a $1.25 billion settlement for Nazi victims had to abandon a news conference because of a hostile crowd.
Banks sued for financing apartheid regime
(June 17, 2002) Swiss and American banks that financed South Africa’s apartheid regime are facing a $50bn (£34bn, €53bn) class action lawsuit brought by a team of lawyers on behalf of the victims of apartheid.
Apartheid sanctions busters slapped with reparations claims
(June 17, 2002) International sanctions-busting banks and companies could be faced with legal claims amounting to billions of rands following legal claims launched on Monday by apartheid victims against institutions which propped up the racist system.
Apartheid victims to launch class action against Swiss banks
(June 16, 2002) An American lawyer representing victims of South Africa’s former Apartheid regime is set to launch a class action against Swiss banks.
Apartheid victims sue Western banks and firms for billions
(June 16, 2002) The American lawyer who won compensation for Holocaust victims is about to launch legal claims for billions of pounds against companies, many of them British, that benefited from apartheid.


