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American Armenian Attorneys Pursue The Recovery Of Money Deposits

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  • American Armenian Attorneys Pursue The Recovery Of Money Deposits

    AMERICAN ARMENIAN ATTORNEYS PURSUE THE RECOVERY OF MONEY DEPOSITS

    ArmRadio.am
    08.05.2007 15:13

    In 2004, American attorneys of Armenian origin, Mark Geragos (former
    business partner of Bill Clinton and pop star Michael Jackson),
    Vartkes Yeghiayan and Brian Kabatek, representatives the interests
    of the Armenians in the world, launched a vast procedure against
    several banks and insurance companies to recover the money deposits
    and life insurances to which the victims of the Armenian Genocide had
    subscribed in Ottoman Empire before 1915, independent correspondent
    Jean Eckian informs from Paris.

    On Monday May 7, 2007, in a living room of Ritz Hotel in Paris,
    attorneys informed the French and Armenian Press on the conditions
    which must meet the descendants of the victims of the Genocide to
    be able to profit from a compensation poured by French insurance
    AXA. At the end of agreement, USD 11 million will go to establish
    a fund designed to pay valid claims of heirs of policyholders and
    beneficiaries of policies issued by AXA Group subsidiaries that did
    business in the Turkish Ottoman Empire before 1915.

    Today, the attorneys are in Berlin (Germany) to take action in justice
    against Deutsche Bank which illegally holds USD 20 million.
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