NEWS

Arms bribery suspect Efstathiou pays 2.5 mln into public coffers

One of the key suspects in a probe into briberies paid to Greek officials to secure the sale of defense equipment has deposited 2.5 million euro in the country’s coffers.

Panayiotis Efstathiou, the 83-year-old former representative of German firm Atlas Elektronik, is facing money laundering charges. He paid the money to the Greek state as part of an effort to “make amends for his business activities and publicly as for forgiveness from Greeks,” said his lawyer Michalis Dimitrakopoulos.

The 83-year-old has admitted to bribing defense officials in connection to the sale of submarines and other equipment.

He was released from custody on bail after being questioned in January.

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