NEWS

Former TT bank head released after paying 2-million-euro bail

The former head of Hellenic Postbank (TT), Angelos Filippidis, was released on Monday after posting 2 million euros in bail following several hours of testimony before a magistrate on charges of fraud and money laundering.

The former banker, who returned to Greece last week following his arrest last month in Turkey, has been banned from leaving the country.

According to sources, Filippidis refuted charges that TT issued millions of euros in unsecured loans while he was at its helm, insisting that all loans granted were done so with the necessary guarantees. As regards 17 million euros in loans given to the businessman Kyriakos Griveas and the latter’s wife, Anastasia Vatsika, Filippidis allegedly defended his decision, noting that the pair had been in charge of a successful company. Griveas and Vatsika are currently in Britain and are to appear later this month in a London court hearing a Greek appeal for their extradition in connection with the TT scandal.

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