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Lawsiut against U.S. Federal Reserve over assets seized during
Genocide continues
May 6, 2011 - 18:53 AMT
PanARMENIAN.Net -
The Federal Reserve Bank of New York asked a judge to dismiss a
lawsuit filed by an Armenian group seeking to force the disclosure of
information on gold and other assets seized by the Turkish government
in 1915.
The assets, according to the center's lawsuit, totaled about five
million British pounds at the time and were deposited by the Turkish
government in Germany's Reichsbank. They were taken by the U.S. and
other Allied powers at the end of World War I under the Treaty of
Versailles, the center said.
The nonprofit Center for Armenian Remembrance, based in Glendale,
California, sued the Board of Governors of the Federal Reserve System
and the Federal Reserve Bank of New York in March, saying Armenian
assets called `Turkish gold' were seized during the Armenian Genocide.
The group said it filed a Freedom of Information Act request with the
Federal Reserve in June. The agency said it couldn't locate any
information and forwarded the request to the Federal Reserve Bank of
New York, which also said it couldn't find any records, Bloomberg
reported.
From: A. Papazian
Genocide continues
May 6, 2011 - 18:53 AMT
PanARMENIAN.Net -
The Federal Reserve Bank of New York asked a judge to dismiss a
lawsuit filed by an Armenian group seeking to force the disclosure of
information on gold and other assets seized by the Turkish government
in 1915.
The assets, according to the center's lawsuit, totaled about five
million British pounds at the time and were deposited by the Turkish
government in Germany's Reichsbank. They were taken by the U.S. and
other Allied powers at the end of World War I under the Treaty of
Versailles, the center said.
The nonprofit Center for Armenian Remembrance, based in Glendale,
California, sued the Board of Governors of the Federal Reserve System
and the Federal Reserve Bank of New York in March, saying Armenian
assets called `Turkish gold' were seized during the Armenian Genocide.
The group said it filed a Freedom of Information Act request with the
Federal Reserve in June. The agency said it couldn't locate any
information and forwarded the request to the Federal Reserve Bank of
New York, which also said it couldn't find any records, Bloomberg
reported.
From: A. Papazian