AMERICAN ARMENIAN ATTORNEYS PURSUE THE RECOVERY OF MONEY DEPOSITS
ArmRadio.am
08.05.2007 15:13
In 2004, American attorneys of Armenian origin, Mark Geragos (former
business partner of Bill Clinton and pop star Michael Jackson),
Vartkes Yeghiayan and Brian Kabatek, representatives the interests
of the Armenians in the world, launched a vast procedure against
several banks and insurance companies to recover the money deposits
and life insurances to which the victims of the Armenian Genocide had
subscribed in Ottoman Empire before 1915, independent correspondent
Jean Eckian informs from Paris.
On Monday May 7, 2007, in a living room of Ritz Hotel in Paris,
attorneys informed the French and Armenian Press on the conditions
which must meet the descendants of the victims of the Genocide to
be able to profit from a compensation poured by French insurance
AXA. At the end of agreement, USD 11 million will go to establish
a fund designed to pay valid claims of heirs of policyholders and
beneficiaries of policies issued by AXA Group subsidiaries that did
business in the Turkish Ottoman Empire before 1915.
Today, the attorneys are in Berlin (Germany) to take action in justice
against Deutsche Bank which illegally holds USD 20 million.