Greek businessman arrested on Dutch warrant to be released on bail

A businessman arrested last week on a Dutch arrest warrant in Glyfada is expected to be released Wednesday on bail of 100,000 euros.

Ioannis Karagiorgis, who is wanted by Dutch authorities for alleged fraud, forgery and other financial crimes, will have to appear at a local police station weekly and will not be allowed to leave the country.

Greek judicial authorities are currently examining an extradition request by Dutch authorities.