Lavrentiadis released from detention on 500,000 euro bail

The Appeal Council of Athens has approved the application for release from detention of businessman Lavrentis Lavrentiadis on…

The Appeal Council of Athens has approved the application for release from detention of businessman Lavrentis Lavrentiadis on a 500,000 euro bail.

Mr. Lavrentiadis, who is implicated in a banking and loan scandal involving the Proton Bank, claimed to suffer from serious health problems, which resulted in him being treated at the psychiatric ward of the Korydallos prison.

A few days earlier, the Appeal Prosecutor had extended Mr. Lavrentiadis detention period (as the legal 18-month detention period had expired) as he also faces felony charges of instigating the murder of a rival businessman in June 2012.

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Helios Kiosk