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CALL ON DEUTSCHE BANK TO RETURN ASSETS TO ARMENIAN GENOCIDE VICTIMSMore than $20,000,000 stolen by the German firm during Genocide era Legal proceedings under way to seek justice for heirs of those who assets were stolen. Thousands of Armenian deportees were reduced to slavery on Deutsche Bank's road works. The European Armenian Federation calls the descendants of Armenian Genocide survivors, defenders of human rights, European leaders, and all Euro citizens to protest Deutsche Bank's refusal to accept responsibility for the crimes it committed in 1915 and continues to profit from today. In a manner consistent with the U.S-based New York Life Insurance
Company and the French AXA Life Insurance Company, Deutsche Bank
illegally appropriated funds and property from genocide victims and, as
such, played a unconscionable role in Ottoman Turkey's destruction of
the Armenian Recent estimates by experts in the field show that Armenians in the Ottoman Empire were, at the time of the Genocide, owned more than 20 million dollars that were held in trust by the German company. Deutsche Bank never returned these amounts to the heirs of genocide victims. Compounding Deutsche Bank's intransigence was its use of Armenian
deportees as slave workers on the construction of its Berlin-Baghdad
road works. In similar fashion, nearly 30 years later, IG Farben
exploited the forced labour of Jewish deportees from Birkenau-Monowicz.
Following their slave The Federation notes that the current president of Deutsche Bank congratulates his company for fulfilling "its social responsibilities," a statement that stands in sharp contrast to both its genocidal complicity in 1915 and its refusal to accept responsibility for its crimes today. The European Armenian Federation, noting that New York Life and AXA have been condemned for their crimes, welcomes the fact that similar proceedings are under way against Deutsche Bank. Consequently, the Federation calls on all EU citizens to call on
Deutsche Bank to live up to its own standards by accepting
responsibility for its wrong doing and fairly compensating those whose
families it has stolen from.
November 22, 2006 Dr. Josef Ackermann Dear Dr. Ackermann, I am writing this letter because I am outraged by Deutsche Bank's
conduct towards the Armenian people in specific and to humanity in
general. Particularly, I am shocked at how your bank has looted the
assets of Armenians murdered during the Armenian Genocide of 1915. I am
also shocked I ask you to fulfil your obligation by returning the looted Armenian assets and thereby making right Deutsche Bank's historic wrong. Now is the time for Deutsche Bank to follow the example of New York Life Insurance Company and AXA Life Insurance Company and to return what it has wrongfully withheld for nearly a century. Sincerely, #######
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