The chief executive officer and managing director of Ellaktor Leonidas Bobolas paid a 1.8 million euro bail after he had reportedly been arrested on tax evasion and money laundering charges charges, in relation to the Lagarde list investigations.

According to reports, the charges against Mr. Bobolas to the sum of 4 million euros. He was contacted to pay 2 million euros, but did not respond. He has been taken to the courts, where he faced the examiner and responded to the charges. His brother Fotis Bobolas has also reportedly paid a 1.8-million-euro fine.

Ellaktor SA is the largest construction group in Greece, with operations spanning across both the public and private sector of development. It’s portfolio includes real estate, energy, railway and other infrastructure projects.