Saturday August 30, 2014 Search
Weather | Athens
31o C
24o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Three arrested, 25 charged over Hellenic Postbank loans worth 500 mln euros

A prominent businessman and two former executives of the state-controlled Hellenic Postbank (TT) were arrested on Thursday on charges of money laundering and fraud against the state in connection with a series of loans the bank is alleged to have issued to several entrepreneurs between 2007 and 2012, resulting in losses of some 500 million euros.

A total of 25 people – entrepreneurs and bank officials – have been charged in connection with loans that the bank is alleged to have granted without adequate guarantees, prosecutors said. Warrants were issued for the arrest of seven of those suspects and three were detained on Thursday.

They included Dimitris Kontominas, the 75-year-old owner of Alpha television channel and the Interamerican insurance company, who was not taken into custody as he was undergoing treatment in an Athens hospital where he remained under police guard last night. In a statement, Kontominas, who is expected to defend himself before an investigating magistrate next Tuesday, denied any wrongdoing and claimed that “there is not even a trace of illegality” in his business activities.

Apart from the two former TT executives who were arrested on Thursday, prosecutors have issued warrants for another four, including TT’s former Chairman Angelos Filippidis. In comments to Skai TV on Thursday, Filippidis denied the charges and said he would explain “each and every loan” when he returns from a business trip abroad. “All the loans were issued correctly and if I could turn back time, I would issue them again,” he said.

Warrants are also out for the arrest of businessman Kyriakos Griveas and his wife, who live abroad.

According to prosecutors, one of the entrepreneurs on the list of 25 suspects is Lavrentis Lavrentiadis, who is in pretrial custody on charges of embezzling from Proton Bank, in which he was a major stakeholder, to support other businesses.

The largest of the suspicious loans are alleged to have gone to Kontominas and Lavrentiadis, according to the prosecutor’s report, which said the latter received 100 million euros and the former 110 million euros. The report also refers to a credit card apparently issued illegally by TT to Kontominas.

The 150-page report, compiled by prosecutor Popi Papandreou, notes that much of the money from the loans was funnelled out of Greece via offshore firms. The report said the loans were used "not to boost or expand business activities but to increase the wealth of particular individuals."

ekathimerini.com , Thursday Jan 9, 2014 (19:07)  
New Democracy aims to ease tax burden, attack SYRIZA’s policies as leaders’ Thessaloniki speeches near
Infrastructure Minister assures officials over coastal revamp
Deadline for ENFIA tax pushed back to September 30
Three passengers missing from two migrant boats
Ministry launches work experience program for unemployed graduates
The Labor, Social Security and Welfare Ministry is preparing to launch a work experience program for unemployed youths aged between 18 and 24, through private sector jobs, as part of a new a...
Tax burden in Greece among EU’s heaviest, study reveals
Commenting on the findings of a recent Eurostat study titled “Taxation Trends in the European Union,” Alpha Bank has described the obligations of taxpayers in Greece as burdensome. The study...
Inside Business
SOCCER
Tough draw for Greek sides in Europe League Greek stage
Following Thursday night’s high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
JUDO
Greek judoka Iliadis triples up as Aguiar stuns Tcheumeo
Greek star Ilias Iliadis claimed his third world title in the under-90kg category in Chelyabinsk on Friday as Brazilian Mayra Aguiar and Colombian Yuri Alvear won gold in the women’s under-7...
Inside Sports
ANALYSIS
Greek quest for debt relief faces hurdles in Paris
As Greek Prime Minister Antonis Samaras tries to follow Ireland and Portugal out the bailout exit door, he faces a month of bargaining. For a nation that’s already gone through the biggest d...
COMMENTARY
Stifled dreams
At more or less the same time every year, we see the same images of high school graduates looking through the Education Ministry’s lists of those who passed and those who failed the national...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ministry launches work experience program for unemployed graduates
2. Tax burden in Greece among EU’s heaviest, study reveals
3. New Democracy aims to ease tax burden, attack SYRIZA’s policies as leaders’ Thessaloniki speeches near
4. Coalition bent on protecting weaker groups
5. Infrastructure Minister assures officials over coastal revamp
6. Deadline for ENFIA tax pushed back to September 30
more news
Today
This Week
1. Strong undersea quake occurs off island of Milos, felt in Athens
2. Greek quest for debt relief faces hurdles in Paris
3. Dozens of migrants intercepted in the Aegean
4. Gov't jet carrying Venizelos back from Turkey conducts emergency landing
5. Rendi shootout leaves would-be hypermarket robber dead
6. Tight security in place for City of Athens ceremony as GD MP, supporters to attend
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. Purification rituals
3. The battle against progress
4. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
5. Athens finalizes Paris talks goals
6. Aftershocks rattle Halkidiki after strong 5-Richter quake
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.