ECONOMY

Jumbo says has no connection with former executive’s alleged illegal activities

Jumbo says has no connection with former executive’s alleged illegal activities

Greece’s biggest toy retailer Jumbo said on Wednesday that its deputy vice-chairman has resigned and that the retailer has no knowledge or involvement in alleged irregular activities of the executive in a private capacity.

A Greek news website reported on Tuesday that Evangelos Papaevangelou had set up a real estate company which had allegedly a role in facilitating Chinese to buy Greek real estate, circumventing capital restrictions in their home country.

Jumbo said it was not linked to Papaevangelou’s personal business activities in the real estate sector. [Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.