The founder and owner of Jetoil Kyriakos Mamidakis was found dead in his home by his housekeeper in the Athens suburb of Dionysos at midday on Sunday
It has been reported that a pistol was found next to the body of the 84-year-old businessman. Sources also told To Vima that a letter has been found and it appears that Mamidakis contacted his brother asking him to take care of his family.
Mamidakis set up Jetoil in 1968 with his brothers Giorgos and Nikos Mamidakis, with the comapny operating about 600 gas stations across Greece and commanding an 8.5% share of the domestic market. The company filed for bankruptcy on 9th of June, with the courts set to examine the application in November. The company had been granted protection from its creditors.
In recent years the family-owned company had faced serious financial problems years and had 200 million euros worth of debts towards banks and owed about 80 million euros to ELPE. It also appears that loans were taken out with personal guarantees.
