Monday September 15, 2014 Search
Weather | Athens
28o C
21o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Judiciary steps up parallel corruption probes

 Suspect questioned in bank loan scandal as two more arrested for submarines

The judiciary stepped up a corruption probe on two fronts on Monday, arresting two officials suspected of taking under-the-table payments for a submarine deal and questioning the first suspect in a new scandal embroiling the state-led Hellenic PostBank (TT) in the issuing of millions of euros in unsecured loans.

The former managing director of Skaramangas Shipyards, Sotiris Emmanouil, and an associate of ex-Defense Minister Akis Tsochatzopoulos, Yiannis Beltsios, were arrested in connection with taking bribes to secure arms deals. Emmanouil is alleged to have received some 23 million euros in kickbacks to secure submarine deals with German firm HDW Ferrostaal. Authorities arrested him in his luxury home, which was subsequently seized.

Warrants for the arrest of the two men were issued after former Defense Ministry official Apostolos Kantas alleged during testimony that they had received under-the-table payment.

Both men were given an extension to prepare their defense – Emmanouil until Friday and Beltsios until Saturday – and are to remain in custody until then.

In a related development, sources said 7.5 million euros was returned to the Greek state by Giorgos Kamaris, the representative of an offshore firm believed to have been set up by Yiannis Sbokos, a close associate of former Defense Minister Tsochatzopoulos, in order to cover the kickback trail. Sbokos was jailed for money laundering, along with the ex-minister, in October.

Judicial officials also moved forward on Monday with the probe into TT, which is alleged to have granted huge loans, without guarantees, to entrepreneurs, with much of the money said to have ended up in the businessmen’s personal bank accounts.

TT’s former chairman, Angelos Filippidis, is expected to be extradited to Greece from Turkey without delay, sources indicated as magistrates started hearing the explanations of suspects embroiled in the affair.

Filippidis, who was arrested in Istanbul late on Friday, remained in custody at the Maltepe prison on the city’s outskirts on Monday. The former TT chairman, who has insisted that all the loans were issued properly, had six different currencies and a Swiss residence permit on him when he was arrested. Authorities believe he might have been planning to travel to Switzerland to check on bank accounts there that are under investigation by Greek prosecutors.

Judicial officials on Monday questioned a senior executive of TT, Marios Varotsis. He was given conditional release after posting 300,000 euros in bail. Another ex-TT employee, Charalambos Giakoudis, is to face questioning today, as will a key suspect – the owner of Alpha TV channel and the Interamerican insurance company, Dimitris Kontominas, who is alleged to have been granted a 110-billion loan by TT.

Although Kontominas is in an Athens hospital undergoing treatment for respiratory problems, he is not expected to receive favorable treatment by prosecutors who are likely to visit him in his hospital ward.

ekathimerini.com , Monday Jan 13, 2014 (19:53)  
Remains believed to belong of French hiker found on Mt Olympus, four years later
Thessaloniki man dies in heavy rainfall on Sunday
Soccer fan in critical condition after Sunday clash to be transferred to Athens
Democracy under Pressure | Live Streaming
Alpha Bank launches voluntary dismissal program
Greece's fourth-largest lender, Alpha Bank on Monday announced that it is launching a voluntary dismissal program as part of cost-cutting efforts, the state-run Athens-Macedonia News Agency ...
ANALYSIS
OMT may be key to full market access
The upgrade of Greece’s credit rating by Standard & Poor’s, the likely attainment of the fiscal target, signs of economic recovery and the ECB’s recent policy actions may further compress bo...
Inside Business
WATER POLO
Greece wins women´s U19 Europeans in water polo
Greece won the women’s European Under-19 Championship in Italy beating the host in Sunday’s final, for what was the country’s second gold medal in the competition’s history. The Greek teenag...
SOCCER
Veria alone on Super League summit
Olympiakos appeared in fine shape ahead of its Champions League premiere against Atletico Madrid on Tuesday, beating visiting OFI 3-0 on Saturday, but Macedonian minnows Veria are those that...
Inside Sports
COMMENTARY
Lost in the fog
I recently attended an event where one of the guests was a much talked-about personality of the center-left, a person who has never been part of a government administration. People kept goin...
EDITORIAL
Sending out a clear message
Few things are worse in politics than sending out vague or contradictory messages. Interestingly, there has been little else from the direction of the conservative-led government since the l...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Remains believed to belong of French hiker found on Mt Olympus, four years later
2. Alpha Bank launches voluntary dismissal program
3. Thessaloniki man dies in heavy rainfall on Sunday
4. Soccer fan in critical condition after Sunday clash to be transferred to Athens
5. Democracy under Pressure | Live Streaming
6. Central Athens traffic restrictions back in force on Monday
more news
Today
This Week
1. Central Athens traffic restrictions back in force on Monday
2. Democracy under Pressure | Live Streaming
3. Soccer fan in critical condition after Sunday clash to be transferred to Athens
4. Sending out a clear message
5. Lost in the fog
6. Thessaloniki man dies in heavy rainfall on Sunday
Today
This Week
1. A Greek God
2. Avramopoulos appointed Commissioner for Migration and Home Affairs
3. Greece on standby
4. Pavlos Fyssas murder trial expected to start before the end of the year
5. EU bank tests may miss trillion dollar risk, study finds
6. SYRIZA spokesman suggests gov't sought to stop NERIT airing Tsipras speech live
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.