scandal

The former Postbank manager Angelos Filippidis who is accused of playing a prominent role in the scandal related to a number of high risk unsecured loans has been released by the Turkish courts of Istanbul, which rejected the Greek extradition request. The Turkish court held that the international warrant for Mr. Filippidis’ arrest was illegal, […]

In his plea on Wednesday, the former deputy director of armaments at the Ministry of National Defense Antonis Kantas alluded to two important political divs being involved – one of whom is still active – without however identifying them by name. Based on rumors circulating amongst judicial circles the revelation of the names of the […]

The former deputy director of armament at the Ministry of National Defense Antonis Kantas is scheduled to appear before the examiner today and is expected to present new evidence regarding the purchase of PZ90 machine guns from German weapons manufacturer Krauss Maffei-Wegmann. Mr. Kantas has admitted to receiving a 750,000 euro bribe and will present […]

The Ministers of Education Konstantinos Arvanitopoulos and Health Adonis Georgiadis will meet with the Deputy Minister of Finances Christos Staikouras today to discuss drawing funds from the bribes that have been returned to the Greek state in recent trials. The Education and Health Ministries are specifically set to collect an estimated 17.3 million euros that […]

The Greek authorities have issued a new warrant for the arrest of the former Postbank manager Angelos Filippidis, who is currently detained in Istanbul and awaiting extradition to Greece to respond to the charges brought against him. The additional warrant issued by the Prosecution includes charges of fraud, assisting fraud and money laundering and was […]

Kyriakos Griveas and his wife Anastasia Vatsika have been released on bail by the courts in England, after they were arrested on Wednesday in London. The couple is scheduled to reappear in court on the 5th of February. The Westminster court decided to release the two suspects on a 50,000 pound bail and must appear […]

The Swiss prosecution which had handled the Siemens scandal in the past, is expected to arrive in Athens in February to take a statement from the convicted former Minister Akis Tsohatzopoulos regarding the bank account transactions of his wife Vicky Stamati and cousin Nikos Zigras. According to the Swiss courts’ case file, Nikos Zigras and […]

The 83-year-old arms dealer Panos Efstathiou for STN Atlas, who has been implicated in a major armament bribery scandal, has decided to cooperate with the investigators and promised to reveal details about the involvement of others who have yet to face charges. According to his indictment, Efstathiou handed out at least 26 million euros in […]

The Minister of Finances Yannis Stournaras and the leader of SYRIZA Alexis Tsipras had a heated debate in Parliament earlier this morning, after the opposition leader posed a question to the Prime Minister about the recent banking scandals. Mr. Stournaras responded that the government still has a long way ahead of itself and spoke of […]

After a two-hour discussion yesterday, the Judicial Council decided to set bail for businessman Dimitris Kontominas at 5 million euros, while banning him from leaving the country. Mr. Kontominas’ attorney Ilias Anagnostopoulos commented that “law and reason prevailed”. The 5-million-euro bail, which the prosecutor Popi Papandreou described in her proposal to the Judicial Council as […]

Businessman Dimitris Kontominas stated his plea yesterday regarding his implication in the emergent Postbank scandal, but the investigative judge and court prosecutor could not agree as to whether Mr. Kontominas should be detained until trial or not. Mr. Kontominas, who is facing charges of fraud and money laundry, was unable to attend the courts due […]

A major loan scandal was revealed last week, involving the 25 former executives from the Postbank and unsecured loans worth hundreds of millions of euros. The judicial authorities have issued warrants for seven arrests of prominent bank executives for felony charges of fraud, theft and money laundering, among others. So far the police has arrested […]