Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Former Hellenic Postbank chairman to face magistrate

The former chairman of Hellenic Postbank (TT), Angelos Filippidis (photo), was expected to defend himself before a magistrate next week in connection with a scandal linking the state lender to millions of euros in unsecured loans following his arrest in Istanbul late on Friday.

With the help of Turkish authorities, Greek police traced Filippidis to a hotel in Taksim Square and detained him on an international arrest warrant.

The authorities traced the former bank chairman using his cell phone signal, police said. Sources said he had on him more than 25,000 euros in six different and a Swiss residence permit. His extradition to Greece was approved on Saturday.

Filippidis expressed surprise at his arrest, noting that he had contacted Greek media, and the magistrate handling the probe, last week and had booked a flight to Athens for Monday. Filippidis repeatedly denied any wrongdoing in several phone calls to the Greek media last week, insisting that he would justify each and every one of the loans under investigation.

A total of 25 people have been charged with fraud and money laundering in connection with the scandal miring TT, which issued half a billion euros in suspicious loans between 2007 and 2012, according to a prosecutors report. The bulk of this some 300 million euros in loans was issued between the fall of 2008 and fall 2009, when Filippidis was at the lenders helm, according to Bank of Greece inspectors. According to a BoG report, TT issued loans without guarantees and with favorable terms to several companies, some overindebted ones, with much of the money ending up in the personal bank accounts of some of the business owners who benefited.

Several prominent businessman have been embroiled in the scandal, including Alpha TV channel and Interamerican insurance firm owner Dimitris Kontominas, Kyriakos Griveas and Lavrentis Lavrentiadis, who is in pretrial custody for embezzlement relating to another case.

According to prosecutors, 17 million euros in loans given to Griveas was traced to bank accounts in his name and that of his wife while part of the 110 million euros given to Kontominas was used by the latter to purchase a property for his daughter in the United Kingdom. Kontominas is due face a magistrate on Tuesday.

ekathimerini.com , Saturday Jan 11, 2014 (16:33)  
Major effort under way after floods in Serres
Golden Dawns No 2 released, as protests over trial linger
PM puts opposition on spot, reveals little on reform list, creditor talks
Turkish Cypriots say they will halt gas search as Greek president visits Nicosia
Hoteliers hire firm to monitor illegal tourism accommodation
Greek tourism bodies are forming a strong front including a dedicated inspection unit against the phenomenon of illegal tourism accommodation. The latter constitutes a major source of ta...
Construction crumbles by 80 percent in just five years
Construction in Greece has suffered one of the biggest declines to have been recorded by any professional sector within just a few years, as business activity in the domain has dropped as mu...
Inside Business
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
INTERVIEW
Releasing migrants from detention centers not enough, says UN rights watchdog
The Greek government's shift on immigration is the beginning of what will no doubt be a difficult process, according to Jan Jarab, regional representative for Europe of the High Commission...
COMMENTARY
Tsipras needs rupture with far-left, not Brussels
Does Alexis Tsipras, the Greek prime minister, have the guts to break with his far-left faction? The countrys fate hangs on the answer to this question. Greeces immediate prospects are dic...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Cyprus soccer eyes reunion after 60-year divorce
2. Hoteliers hire firm to monitor illegal tourism accommodation
3. Construction crumbles by 80 percent in just five years
4. Cosco plans for ship repair unit at Salamina
5. Major effort under way after floods in Serres
6. Golden Dawns No 2 released, as protests over trial linger
more news
Today
This Week
1. ECB nerves fray on Greece as supervisors rile central bankers
2. Greek markets show all at risk should mistake trigger a default
3. Talks in Brussels continue but Greece and lenders 'not there yet'
4. Greece says not backing down on debt relief goal
5. European stock-index futures rise as investors look to Greece
6. Work on tram extension begins in Piraeus
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.