No One Should Benefit from Armenian Genocide

PanARMENIAN.Net - Armenian lawyers Brian Kabateck, Mark Geragos, and Vartkes Yeghiayan, filed the lawsuit against Deutsche Bank and Dresdner Bank in Los Angeles Superior Court. January 13 more than 1,000 Armenians from across Los Angeles County held signs that read "Blood for $" and chanted "Shame on Deutsche Bank," according to Los Angeles media reports. Demonstrators gathered at the downtown offices of Deutsche Bank A.G. Friday morning, hours after it and Dresdner Bank A.G. were slapped with a class-action lawsuit claiming they have withheld money and assets from the heirs of Armenian Genocide victims for 90 years. The suit claims that the two German banks have prevented the recovery of millions in money and assets deposited by Armenians prior to World War I and the Armenian Genocide in 1915. Vartkes Yeghiayan presented the causes of filing the suit. In his words, in 1915 Young Turks stole golden coins from Armenians and handed them over to Deutsche Bank. The gold was transferred into money, that was kept in the Deutsche Bank. "These facts are documented. As lawyers, we want to see those accounts, Vartkes Yeghiayan said. The lawsuit also claims that the banks accepted "looted assets" taken by the Ottoman Turkey government during World War I and the Armenian Genocide. The Armenian lawyers' suit against Deutsche Bank includes 3 point. However, as the local judge explained, the suit can only be considered over one point - restitution by the Bank. Just based on the lawyers intend to initiate legal proceedings in the Federal Court. "The German banks should know Armenians have claims against them. Our position is the following: no one should benefit from the Armenian Genocide," said Vartkes Yeghiayan, reported the Yerkir.