For years, the largely unused and decaying buildings of the 2004 Olympic Game have highlighted the shortcomings of the Greek economy. Prosecuting authorities have carried out an investigation and announced that the mismanagement of the decaying infrastructure will come under scrutiny and charges will be pressed.
The long investigation has resulted in felony charges brought against the former president of Olympic Real Estate SA Konstantinos Matalas. The prosecution as also requested that an immunity lift for New Democracy MP Dionisis Stamenitis, who succeeded Mr. Matalas and faces similar felony charges of breach of faith.
The company was tasked with maintaining and taking advantage of the buildings and stadiums constructed for the 2004 games in Athens (excluding the Olympic stadium), however the the prosecution’s investigation show that the company was negligent in maintaining and taking advantage of the infrastructure, resulting in damages in excess of 10 billion euros.
