Representatives of the French insurance company AXA Group caused confusion among Azerbaijani journalists by publicly announcing in Baku that the company was paying compensations to the descendants of Armenian Genocide victims.

The APA News Agency reports that Frederick Flegeur, Director for new markets development, АХА MedLa Region stressed that the company has no intention to comment on the past.

AXA Group paid a total of €12.7m to 7,000 Armenians. Earlier it paid compensations to the descendants of Jewish Holocaust victims.

The point is that the leading Azerbaijani insurance company MBASK and AXA Group (France) have signed an agreement on the sale of the former’s control stock (51%) to the latter.

NEWS.am reminds readers that Azerbaijan is denying the Armenian Genocide in Ottoman Turkey eve more vigorously than Turkey itself.