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. -armradio.am
