HEIRS OF VICTIMS OF ARMENIAN GENOCIDE TO RECEIVE COMPENSATION OF ABOUT $8 MILLION

By Aghavni Harutyunian

AZG Armenian Daily
10/11/2006

This week, the heirs of the victims of the Armenian Genocide will receive about $8 million of compensation from New York Life insurance company. According to the press release disseminated by the company, about 2500 people will get $7 million 954 thousand 362. This compensation sum will amount to $10 million as a result of the court investigation instituted since 1999. Besides, about $3 million were already sent to various Armenian benevolence organizations.

According to the geography, the heirs dwelling in Armenia will receive about $3,7 million, the American-Armenians will get $2,7 million of compensations, while the French Armenians will get about $650 thousand. In general, Armenians dwelling in 26 countries will get the compensations.