Panorama.am

18:31 11/01/2007

NEW YORK LIFE INSURANCE COMPENSATES MONEY THROUGH HSBC BANK

American NEW YORK LIFE INSURANCE, that took the
responsibility to compensate the victims of 1915
Genocide who were insured with the company, delayed to
announce how it is exactly going to make the
compensation.

A citizen called Panorama.am a few days ago saying he
has information according to which the Reconciliation
Foundation Board has assigned HSBC Armenia to organize
the compensation process.

HSBC approved the information saying, `The money has
been transferred and we are in the process of
delivering to citizens.’

HSBC says the money is distributed according to lists
provided by Reconciliation Foundation Board. The bank
assured it will make a public announcement in the
media soon.

Source: Panorama.am