US resident descendants of Armenians, who fell victim to the Armenian Genocide in Turkey in 1915, brought an action against Deutsche Bank and Dresdner Bank, where their ancestors had accounts. Seven residents of South Carolina – Armenians, whose ancestors fell victim to the Armenian Genocide in Turkey in 1915 – went to the law in Los Angeles Friday. The suit authors demand that German banks return the deposits of their ancestors amounting some half a million US dollars. Three lawyers – Mark Geragos, Brian Kabateck and Vardges Yeganyan. In the lawyers’ opinion, German banks evaded from paying off Armenian’s deposits’ to their descendants and thus in fact appropriated what had belonged to them. Moreover, the Deutsche Bank funded the Turkish Government, which committed the Armenian Genocide. In Kabateck’s words, many Armenians in early 20th century preferred keeping their money, stocks of materials and capital equipment en European and not Turkish banks. However, they miscalculated. “German banks disappointed Armenians,” he emphasized. Yeganyan said the process is like that when in 1998 the Swiss Bank returned deposits to Jews, who were descendants of the Holocaust.
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