Turkish army bans AXA from ministry tenders after Armenian compensation
04.07.2009 21:00 GMT+04:00

/PanARMENIAN.Net/ Defense Ministry of Turkey put France-based AXA
Holding on banned companies list after 14 years of merger with OYAK
Bank which was the Armed Forces Pension Fund’s, AXA is banned from
bidding for Defense Ministry’s tenders until 14 January, 2010, Aksam
Turkish newspaper said.
In 1995, AXA compensated some heirs of the Armenian Genocide
survivors.
The decision to ban the AXA came after the holding did not fulfill the
commitment under an agreement and AXA resort the ban to the
jurisdiction.
AXA officials have avoided commenting, saying "The event is under
judicial process. We can’t make a declaration."