Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Prosecutor proposes conditional release, with 100-million-euro bail, for Lavrentiadis

A prosecutor on Thursday proposed that Lavrentis Lavrentiadis, the former major stakeholder in Proton Bank who is in custody pending trial for embezzlement, post a record 100 million euros in bail to secure his release from prison before the scheduled expiry of the 18-month maximum detention period in June.

In his proposal to the Council of Appeals Court Judges, appeals court prosecutor Panayiotis Kapsimalis said the 100 million euros, which he insisted Lavrentiadis possesses, should be paid in addition to the 160 million euros in assets belonging to the businessman that have already been seized.

The council is expected to decide in the coming days on whether to approve Kapsimalis’s proposal for the 100-million-euro bail, which would be the biggest in Greek judicial history and in the world.

The highest bail to date in Greece was the 5 million euros paid last month by businessman Dimitris Kontominas to secure his release pending trial in connection with the Hellenic PostBank (TT) unsecured loans scandal in which Lavrentiadis is also implicated.

According to sources, the prosecutor Kapsimalis proposed that 29 of the 47 suspects who face criminal charges in connection with the Proton Bank embezzlement scandal should be indicted to trial along with Lavrentiadis. Of the 29, the prosecutor said that four individuals should post 200,000 euros in bail each.

Lavrentiadis, 43, has been in Attica’s Korydallos Prison since December 2012. For most of that time, he has been in the prison’s hospital and has made several unsuccessful appeals for his release, citing serious dermatological and psychological ailments.

ekathimerini.com , Thursday February 13, 2014 (21:00)  
Anti-racism bill approved in principle, final vote Friday
PASOK seeks to contain damage in wake of tumultous event
Nicosia disappointed at Erdogan´s two-state solution comments
Giorgos Stylios named new deputy education minister
Deadline looms for struggling Cyprus Airways
Potential buyers of Cyprus Airways have until Wednesday to submit nonbinding offers for the loss-making national carrier, with Ryanair and Aegean Airlines in the running. Ireland’s budget ca...
Bank of Cyprus expects to relist on Nicosia, Athens exchanges
Bank of Cyprus, the Cypriot lender which recapitalized last year using depositors’ savings, said late on Monday it expected its shares to relist on the Cypriot and Athens stock exchanges by ...
Inside Business
Grateful Saviola thanks Olympiakos, joins Verona
Former Argentina international Javier Saviola has thanked Greek champions Olympiakos for the "beautiful moments" during his season-long stint in Greece as he left the club to join Serie A ou...
SOCCER
Greece defender Papadopoulos fires parting shot at Michel
International defender Avraam Papadopoulos suddenly quit Olympiakos on Monday to join Turkish club Trabzonspor, and fired a parting shot at Olympiakos manager Michel putting the blame on the...
Inside Sports
COMMENTARY
Politicized archaeology
Let us suppose that archaeologists discover that the tomb uncovered in Amphipolis was not the resting place of Roxana or Nearchos, but of Alexander the Great. Let us assume, that is, that ar...
EDITORIAL
Moderating expectations
Politics is, to a great extent, all about managing expectations, and anyone who raises that bar too high or too fast is at serious risk of disappointing and losing the people’s favor. In a c...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Anti-racism bill approved in principle, final vote Friday
2. PASOK seeks to contain damage in wake of tumultous event
3. Deadline looms for struggling Cyprus Airways
4. Bank of Cyprus expects to relist on Nicosia, Athens exchanges
5. Nicosia disappointed at Erdogan´s two-state solution comments
6. Giorgos Stylios named new deputy education minister
more news
Today
This Week
1. Politicized archaeology
2. Rain and storms with hail expected in many parts of Greece
3. Reforms to dominate Greek talks in Paris, debt relief talks later, says source
4. New committee formed to assess progress of deregulation in closed-shop professions
5. Moderating expectations
6. Trial over 2013 murder of pawn merchant starts in Athens
Today
This Week
1. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
2. The battle against progress
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Hardouvelis, ECB executive discuss bank program, stress tests
6. Greek quest for debt relief faces hurdles in Paris
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.