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December, 2006

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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   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  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.

 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  wrongdoing and fairly compensating those whose families it has stolen from.

 You could fax the letter below by clicking on this link
 www.deutschebankprotest.eu , or you could send it at the following
address:
 Dr. Josef Ackermann
 Deutsche Bank AG
 Taunusanlage 12
 60262 Frankfurt am Main
 Germany

 November 22, 2006


 Dr. Josef Ackermann
 Deutsche Bank AG
 Taunusanlage 12
 60262 Frankfurt am Main
 Germany


 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  that Deutsche Bank used the Armenian deportees as slave workers for the
 Bagdad Bahn from 1915 to 1917.
 It is reprehensible that a financial institution which is trusted by its  patrons with their livelihood would breach that trust. On your website you  specifically  tate that nobody can or should neglect social  responsibilities. However, how can you state this when your company has
done  just the opposite by neglecting its social responsibilities to its own  depositors.

 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,