Claim: 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.
Fact-check: The money in all bank accounts dormant for 7 years is not seized by the Switzerland authorities - FACTLY
Verdict: 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. hence the claim made in the post is false.
Organisation: FACTLY
Author: Akhil Reddy
Date published: 2022-06-03T08:20:22