Saturday May 23, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Anti-corruption magistrates to begin questioning in Hellenic Postbank loans case

Former Hellenic Postbank vice-chairman Marios Varotsis is expected to be the first suspect to be questioned on Monday in connection to the probe into unsecured loans made by the lender.

Varotsis was arrested last week after the completion of an investigation into the bank’s activities.

His deposition comes in the wake of the lender’s former chairman, Angelos Filippidis, being arrested in Turkey on Saturday. Filippidis is being held in Istanbul, pending his extradition.

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 prosecutor’s 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 lender’s 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.

Kontominas is expected to face anti-corruption magistrates on Tuesday but is currently under police guard at an Athens hospital after suffering breathing problems.

Another former Hellenic Postbank employee, Charalambos Giakoudis, is due to be questioned on Wednesday.

ekathimerini.com , Monday Jan 13, 2014 (11:28)  
PM irked at row holding up return of ERT
Cypriot president, Turkish-Cypriot leader take a stroll through divided capital
New civil service assessment scheme focuses on rewards instead of punishment
Deal no closer following PM’s meetings in Riga
Hotel contracts with a ‘Greek default clause’
After the drachma clauses seen in tourism contracts, foreign tour operators are now forcing hoteliers in Greece to sign contracts with a Greek default clause. Foreign organizers of internati...
Listed firms have whisked away most of their cash reserves
Listed companies have felt compelled to whisk their cash reserves abroad as the liquidity shortage increases uncertainty among local entrepreneurs. Kathimerini has discovered that 85 percent...
Inside Business
SOCCER
Greece escapes soccer suspension, FIFA happy with changes
FIFA says it is satisfied with changes made to sporting law in Greece, and has dropped a threat to suspend the country from international competition. In a letter to the government dated May...
SOCCER
Four-goal Panathinaikos thrashes Asteras away
Panathinaikos thrashed Asteras at Tripoli to gain an early advantage in the race for a spot in next season’s Champions League qualifiers, as the Super League play-offs got under way on Wedne...
Inside Sports
ANALYSIS
Neither Grexit nor a dual currency will solve Greece’s problems
A Grexit or the introduction of a dual currency is not a solution to Greece’s problems. On the contrary, it would be a worst-case scenario for Greece in the short term. Only in the medium to...
COMMENTARY
First aid for the capital
The fact that the center of Athens exudes the stench of human waste is an undeniable truth, just like the fact that in late spring, one nostril smells blossoming bitter lemon trees while the...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PM irked at row holding up return of ERT
2. Cypriot president, Turkish-Cypriot leader take a stroll through divided capital
3. New civil service assessment scheme focuses on rewards instead of punishment
4. Hotel contracts with a ‘Greek default clause’
5. Listed firms have whisked away most of their cash reserves
6. Deal no closer following PM’s meetings in Riga
more news
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Listed firms have whisked away most of their cash reserves
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. First aid for the capital
5. Response to May 15 comment
6. New civil service assessment scheme focuses on rewards instead of punishment
Today
This Week
1. The Greek-German breakthrough that didn’t come
2. Conspiracy madness
3. Greece came close to not paying IMF
4. National self-awareness put to the test
5. Albanian demarche raises concerns about possible territorial claims over Greece
6. Greek endgame nears for Tsipras as bank collateral hits buffers
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.