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Call On Deutsche Bank To Return Assets To Armenian Genocide Victims

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  • Call On Deutsche Bank To Return Assets To Armenian Genocide Victims


    More 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

    We call 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 population between 1915 and 1923.

    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 labor, these Armenians were exterminated during deportations into deserts of Syria.

    We noted 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.

    We, noting that New York Life and AXA have been condemned for their crimes, welcome the fact that similar proceedings are under way against Deutsche Bank.

    Consequently, we call on all EU citizens to call on Deutsche Bank to live up to its own standards by accepting responsibility for its wrongdoing and fairly compensating those whose families it has stolen from.

    - European Armenian Federation for Justice and Democracy
    - CDCA France
    - CDCA Belgique
    - Nederlands Armeens Comité Voor Rechtvaardigheid en Democratie
    - Armenian National Committee of Scandinavia
    - Armenian National Committee of Greece
    - Armenian National Committee of Cyprus
    - European Armenian Federation Austrian Chapter
    - European Armenian Federation German Chapter

    Fax Campaign: Send a Free-Fax to the Chairman of the Management Board of the Deutsche Bank AG, Dr. Ackermann