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AXA insurance to pay $11.5 million to Genocide victims' descendants

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  • AXA insurance to pay $11.5 million to Genocide victims' descendants

    news.am, Armenia
    April 24 2010


    AXA insurance company to pay $11.5 million to Genocide victims' descendants

    22:41 / 04/24/2010Armenian Genocide victims' descendants received
    insurances of the forefathers deposited in AXA French insurance
    company from Ardshininvestbank CJSC (ASHB). According to ASHB manager
    do date of 996 depositors 56 people got compensation of $248.109. They
    payment were given out starting this February depending on the
    invested amounts.

    AXA payments vary from $500 to $24.000 in cheques. The names of
    recipients are confidential.

    Overall, 996 descendants of the Armenian Genocide victims will get
    $11.5 million. Six more million will be paid to three lawyers bringing
    legal actions against charity institutions, New York Life and AXA
    insurance companies. The amount to be received from these two
    companies makes $37 million.

    S.T.

    From: Emil Lazarian | Ararat NewsPress
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