NEW YORK LIFE LAUNCHED PAYMENT OF COMPENSATIONS TO ARMENIAN GENOCIDE VICTIMS’ HEIRS

PanARMENIAN.Net
13.11.2006 18:05 GMT+04:00

/PanARMENIAN.Net/ New York Life insurance company launched payment of
compensations to the heirs of the Armenian Genocide victims. According
to lawyer Vardges Yeghiayan, the commission approved 2515 out of
5692 appeals and launched payment process. In his words, Armenians
not living in Armenia will receive bank checks. Those residing
in Armenia will receive the sum via transfers in one of the RA
banks. All the people who sent appeals will receive written notice
on confirmation or rejection. In the United States people can get
letters in several days while in Armenia the process can last a
week or more. The sum to be paid to 1254 heirs in Armenia makes
$3.6 million; 896 American Armenians will be paid $2.7 million. The
whole sum totals some $8 million. The rest $3 million will be paid
to charitable organizations. Bardres Yeghiayan also informed that the
Aksa French insurance company has also allocated appropriate funds. The
names of the insured people numbering 4-5 thousand will be posted on
website, reports RFE/RL.
From: Baghdasarian