X
    Categories: News

As Of January 17, About 100 Legatees Of Genocide Victims Receive Com

AS OF JANUARY 17, ABOUT 100 LEGATEES OF GENOCIDE VICTIMS RECEIVE COMPENSATION IN ARMENIA

Noyan Tapan
Armenians Today
Jan 17 2007

YEREVAN, JANUARY 17, NOYAN TAPAN – ARMENIANS TODAY. As of January 17,
the HSBC Bank Armenia paid the compensations of about 100 legatees
of Armenian Genocide victims in Armenia. Noyan Tapan correspondent
was informed about it by Suren Zohrabian, Manager of bank’s Consumer
Service Department.

In his words, more than 1200 legatees of Genocide victims will receive
a compensation in Armenia. Their ancestors had insured their lives at
the New York Life Insurance company. The total amount of compensation
to be given in Armenia is 3 mln 675 thousand USD.

The payments are made on the basis of the reconciliation agreement
signed after the trial on lawsuit of Vardges Yeghiayan advocates office
against the New York Life Insurance company. The document was ratified
on 2004 July 30 and came into force from September 1. The HSBC Bank
Armenia was empowered to make the payments by the Reconciliation
Foundation’s Council.

The compensation process is implemented in 26 countries of the
world. Nearly 8 mln USD has been allocated for this purpose. In total,
the American insurance company has received applications on giving
compensation from 2515 legatees of Genocide victims.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
Related Post