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The Insurance Settlement of the Heirs of 1915 Armenian Victims

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  • The Insurance Settlement of the Heirs of 1915 Armenian Victims

    AZG Armenian Daily #123, 30/06/2007

    Genocide

    THE INSURANCE SETTLEMENT OF THE HEIRS OF 1915 ARMENIAN VICTIMS CONTINUES


    Armenian-American attorneys Vardgez Eghiayan, Mark Geragos and Brian
    Kabatech, filed a suit against New York Life Insurance Co. in
    1999. The long-running suit was settled for $20 million - a
    compensation for the descendants of Armenian victims in 1915.

    Now they carry negotiations with French "Axa" company, which agreed to
    compensate $17, 5 million to the heirs of the Armenian victims of the
    1915 massacres. $3 million of it will be given to the Armenian
    organizations in France.

    "Axa" beneficiaries can check their names in
    www.armenianinsurancesettlement.com website list until October, 2007.

    On May the Armenian-American attorneys will visit Berlin to meet the
    representatives of "Deutsche bank", who don't agree with them on this
    issue.

    According to French newspaper "Yaraj", the reason is in one-century
    silence of Germany on the 1915 Genocide, its fault for it and also the
    pressure that Turkey applies.

    According to the newspaper this time the pressure is bigger than in
    the case of New York Life Insurance Co.

    An appeal was filed against another German bank "Drezdner", which is
    considered as an appropriator of the sums of Armenian depositors. The
    Armenians deposited different valuable things in the cashboxes of the
    bank. Thousands of Armenians, who worked on the construction of
    Berlin-Baghdad railway, made payments before they were driven away to
    Der Zor Desert or just murdered there.

    "Deutsche bank" was the general investor and tax-farmer of the
    construction of Berlin-Baghdad railway.

    The evasion of "Deutsche bank" makes the attorneys to schedule
    meetings with the officials of the Ministry of Finance of Germany.

    "H'araj" informs that there is no limitation of time on the
    persecution of bank accounts, but the last date for the kept property
    in the cashboxes is 2016.

    The American attorneys said that "Deutsche bank" is not the last
    organization in their mission; they are going to pursue this issue
    against 20 other organizations.

    By Melanya Badalian

    From: Emil Lazarian | Ararat NewsPress
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