NEWS

Greek businessman's death ruled a suicide

A Greek oil executive, whose company filed for bankruptcy last month, killed himself at his home in an Athens suburb on Sunday, according to a medical examiner's report.

The 84-year-old Kyriakos Mamidakis, 84, was chairman of the board of Mamidoil-Jetoil, an oil company that is active in Greece and the Balkans and operates about 600 gas stations. Although police were still investigating his death, they said they have found no signs of foul play.

Mamidoil-Jetoil filed for bankruptcy on June 9, declaring that it owed creditors 314 million euros ($350 million) at the end of 2015, while having cash reserves of 600,000 ($668,000).

Mamidakis was also involved in hotel management, shipping, and olive oil and wine production.

[AP]
 

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