Armenian 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.