Armenian group sues U.S. Federal Reserve over assets ceased during GenocideMarch 6, 2011 - 18:35 AMT PanARMENIAN.Net - An Armenian group sued the U.S. Federal Reserve under the Freedom of Information Act to force the disclosure of information on gold or other assets seized from Armenians by the Turkish government in 1915. The nonprofit Center for Armenian Remembrance said that Armenian assets called “Turkish gold” -- money totaling about 5 million pounds ($8.13 million) -- were seized during the Genocide in a court papers filed today in U.S. District Court in New York. The seizure was made under “a Turkish directive to deem all Armenians’ assets abandoned,” Julia Greenberg, the lawyer for the nonprofit group, said in a letter to the Federal Reserve board. The Turkish government deposited the assets in Germany’s Reichsbank, and they were later taken by the U.S. and other Allied powers at the end of World War I under the Treaty of Versailles, the center said. The organization filed a Freedom of Information request last June with the Federal Reserve, it said. The agency said it couldn’t locate any information and forwarded the request to the Federal Reserve Bank of New York, which also said it couldn’t find any records. The case is Center for Armenian Remembrance v. Board of Governors of the Federal Reserve System, 1:11-cv-01483, U.S. District Court, Southern District of New York (Manhattan.), Bloomberg reported. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Armenia, India hold first defense consultations The meeting was attended by Indian Ambassador Nilakshi Saha Sinha and Defense Attaché Brigadier General Naveen Nijhawan. Civil disobedience campaigns continue in Yerevan People demanding Prime Minister Nikol Pashinyan’s resignation again blocked streets in Yerevan on May 15. Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. |