“Switzerland became rich and developed because the money in the accounts of one of its private banks which were dormant for 7 years was seized and transferred to the authorities”
What FACTLY found
The accounts which were dormant for just 7 years are not seized and the money in them is not transferred to the authorities. The time period for such transfer is at least 60 years as per the Swiss law. That too if no claimant comes forward after the publication of information. Also, we could not find any information regarding the Swiss survey in 2000 where 99.2 percent of people opined that the seized money should go towards tourism development.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 3 June 2022. FACTLY (India) looked into it and published its finding on 3 June 2022. Its rating was “FALSE”.
Where the claim appeared
- Facebook posthttps://www.facebook.com/mkchannan/posts/pfbid0FH6XEmWJe28H6EKrEC75pDHGB98tyEyjU3v8GayyLD…
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.