Thursday May 23, 2013 Search
Weather | Athens
29o C
17o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Tax officers slapped with 70-year jail term for graft

One of several luxury villas in affluent Attica suburbs owned by the members of the graft ring.

A group of seven retired and active tax officers, four of which are high-ranking administrators, was handed a total of 70 years in prison by an Athens court over charges of embezzling the state of up to 28 million euros, according to a report in Sunday's edition of the Ethnos daily. The seven suspects were, however, granted conditional release pending appeal.

The case of the seven unnamed suspects came before the three-judge court following an investigation by financial crimes prosecutor Grigoris Peponis launched in January into whether their ownership of large real-estate holdings and their participation in off-shore companies was legal or the product of embezzlement and graft.

According to the Ethnos report, the seven tax officials first came under suspicion in 2001 after a retired inspector, Aliki Kyriakaki, made claims that she had come under pressure from certain members of the group to reduce tax fines against a large company that she had been auditing and found to have arrears of 36 million euros.

Among other forms of pressure to play along with the scheme, Kyriakaki faced multiple disciplinary actions brought against her by members of the group, which offered debt write-offs to businesses in exchange for cash. She was subsequently cleared of all charges by an administrative court, after refusing to work with members of the group and bringing their activities to light.

Kyriakaki filed a suit in 2001 against «all responsible parties» in the graft ring, which led to the seven tax officials being charged with embezzling a total of 28 million euros from the state in tax write-offs.

The seven suspects were twice exonerated by an appeals court before the case was reopened by the Supreme Court on the findings of Peponis's investigation.

According to the Ethnos report, the group used the graft money to buy luxurious villas in Attica and a hotel on the island of Skopelos, as well as to open off-shore companies.

Speaking to Ethnos, Kyriakaki said «it took 11 years of fighting, and I am not about to stop here,» as her lawyer suggested that there more charges will be investigated in connection to the embezzlement ring.

ekathimerini.com , Tuesday Jul 10, 2012 (12:19)  
Russian boy stabbed on vacation in Crete flown to Germany for further treatment
Commission withdraws ban on olive oil jugs in restaurants
Samaras: Ireland has shown us the way back to growth, markets
Irish premier in Athens for meeting with Samaras
Summary of reports on Cyprus money laundering misleading, island´s central bank says
A summary of two reports on Cyprus’s track record in combating money laundering doesn’t reflect the main findings of the reports and only gives a description of perceived weaknesses, the Cen...
IMF backs Lagarde over probe, says preferred creditor status not at risk in Greece
The International Monetary Fund’s board of directors is backing Managing Director Christine Lagarde, who is being questioned by a French court over a decision she made as finance minister, a...
Inside Business
SOCCER
PAOK bounces back to win at Asteras
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
BASKETBALL
Playoffs begin in basketball with Rethymno upsetting PAOK
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
Inside Sports
COMMENTARY
Uncomfortably unique
Far-right Golden Dawn has been catapulted onto center stage of Greek politics. That’s almost an achievement for the post-1974 political system that emerged from the collapse of a pathetic mi...
EDITORIAL
Conditions for a debt haircut
A growing number of European Union leaders and officials are now suggesting that next year will most probably see a significant write-down on Greek debt. The country’s partners are clearly a...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
 RECENT NEWS
1. Russian boy stabbed on vacation in Crete flown to Germany for further treatment
2. Summary of reports on Cyprus money laundering misleading, island´s central bank says
3. IMF backs Lagarde over probe, says preferred creditor status not at risk in Greece
4. Commission withdraws ban on olive oil jugs in restaurants
5. Samaras: Ireland has shown us the way back to growth, markets
6. Irish premier in Athens for meeting with Samaras
more news
Today
This Week
1. Eurozone decisions on direct bank recap and debt relief for Greece imminent, says Dijsellbloem
2. German anti-euro party sees answer to euro woes in mass exit
3. Europe’s leaders say no to austerity, don’t say yes to stimulus
4. Quake measuring 4.1 Richter hits Crete
5. Syrian refugees held in 'very poor conditions' in Greece, Amnesty says
6. Irish premier in Athens for meeting with Samaras
Today
This Week
1. Greece: A reality check
2. Golden Dawn MP ejected from Parl't after 'Heil Hitler' incident [UPDATE]
3. Slovenian philospher Zizek proposes 'gulag' for those who do not support SYRIZA
4. Greek economy shrank by 5.3% in Q1 of 2013 as recession continues
5. Greece isn't turning the corner
6. On a dangerous path
Advertiser Link
Last minute info: intensive Greek language lesson in Thessaloniki, 28/5-7/6/2013 – low fees
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  International Herald Tribune  |  RSS
Copyright © 2013, H KAΘHMEPINH All Rights Reserved.