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Compensation Money Of Genocide Victims' Inheritors Given Already For

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  • Compensation Money Of Genocide Victims' Inheritors Given Already For

    COMPENSATION MONEY OF GENOCIDE VICTIMS' INHERITORS GIVEN ALREADY FOR SECOND DAY

    Noyan Tapan
    Armenians Today
    Jan 15 2007

    YEREVAN, JANUARY 15, NOYAN TAPAN - ARMENIANS TODAY. The HSBC Bank
    Armenia started from January 11 payments of the compension to
    inheritors of the victims of the Armenian Genocide committed in
    Ottaman Turkey in early 20th century.

    The New York Life Insurance American company, where once Armenian
    bacome the Genocide victims were insured, gave the money.

    As Radio Liberty states, 5 people got the compensation already on
    January 11, other 1248 people from Yerevan and the marzes are in the
    payment lists. The so called Reconciliation Fund Council entrusted this
    obligation to the HSBC bank, and the radio station was informed by
    the bank, the payment is carried out according to the lists affirmed
    by the fund and letters certified by the fund. No payment will be
    made without those letters.

    "The claimants must personally present themselves. Unfortunately,
    there are cases when some of them are dead and the son or daughter
    wants to get the money. But in similar cases, there is a right to
    give the money to them only in the case when they present a will or
    licence about being the inheritor affirmed by the notary office," Suren
    Zohrabian, the HSBC bank clients' service department manager mentioned.

    All the 1888 letters a part of which are repulsive are already in
    the bank.

    But those are gradually sent to senders for no accumulations arise
    in the bank.

    In words of Artak Khachatrian, the HSBC bank individual financial
    services manager, the package was got 3-4 days, more than 100
    letters were already sent, other 100 ones were be sent on the next
    day. "We shall send 200 letters in a week. All the letters will reach
    senders during 6 weeks. The money allocation may continue one-two
    months. Though there is no limit of terms of the money allocation. If
    the fund affirmed the beneficiary we are obliged to pay him when he
    wants," he mentioned.

    The New York Life Insurence company, getting 2515 applications of
    victims' insured inheritors, started payments on November 11. 3
    million 674 thousand 970 dollars will be allocated in Armenia among
    1253 people, 635 claims are refused. Armenians of the U.S. will get
    2.7 million.

    In total, the compensation process is implemented in 26 countries of
    the world. About 8 million dollars are envisaged for that purpose.
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