Arrest warrants issued for 2 ex-Siemens Hellas executives

Magistrate Maria Nikolakea issued arrest warrants on Wednesday for ex-Siemens Hellas executives Michalis Christoforakos and Christos Karavelas, who are wanted for questioning in connection with one of Greece’s largest political bribery scandals.

Christoforakos and Karavelas left Greece in 2009 as the investigation was under way.

Christoforakos, the former CEO of the German electronic giant’s Greek branch, was arrested in Germany but a court there refused Greece’s extradition request as the executive also had a German passport and the judges deemed the statute of limitations applied to allegations he bribed politicians.

The whereabouts of Karavelas, a financial manager, are not known.

Nikolakea issued the new arrest warrants so that the case would not be shelved, judicial sources said.