Wednesday April 23, 2014 Search
Weather | Athens
23o C
15o 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 businessmens personal bank accounts.

TTs 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 citys 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)  
Free drugs for uninsured Greeks
SYRIZAs preparation for elections upset again
Korydallos Prisons new warden quits over staff anger at probe
US tourist injured by firecracker in Santorini shows signs of improvement
Expanding the social dividend base
The Finance Ministry is set to make some adjustments to the plan for the distribution of the so-called social dividend, so that more recipients get a share of the 2013 primary budget surplus...
National Bank determined to remain in the Turkish market
National Bank sources made clear on Wednesday that the upcoming 2.5-billion-euro share capital increase is to ensure that the group retains its majority stake in Turkish subsidiary Finansban...
Inside Business
BASKETBALL
Reds and Greens stay alive in Euroleague
Easter and home advantage worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece. Shak...
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
Inside Sports
COMMENTARY
Its too soon for Europe to declare victory
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both stocks and f...
COMMENTARY
Realitys other side
There is plenty of evidence pointing to the fact that the countrys real economy has hit rock bottom and is currently entering a phase of growth. Those who know the market well tend to suppo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Expanding the social dividend base
2. National Bank determined to remain in the Turkish market
3. Ferries to start using LNG
4. Investment fund off the ground
5. Stocks decline after three days of growth
6. Free drugs for uninsured Greeks
more news
Today
This Week
1. FBI seeks to identify victims of suspected US child molester who worked abroad, including Greece
2. Greek debt swells again as Samaras looks to creditors for relief
3. Woman dies after falling off state building roof
4. Tunisian sought over employment scam
5. Greece qualifies for new debt relief after 2013 budget surplus
6. Greece sees 2013 primary budget surplus at 1.5 bln euros, says deputy finance minister
Today
This Week
1. Greece's market return mirrors return of tourists
2. Greece startup leaders say they cant break jobless cycle alone
3. Ground-breaking Good Friday mass signals thaw in Cyprus
4. Mayoral candidates clash over Athens mosque plans
5. Government looks to kick on
6. Greece offers to help find Turkish F-16 lost in 1996
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.