Monday October 20, 2014 Search
Weather | Athens
29o C
20o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Businessman Lavrentiadis set to face magistrate

Businessman Lavrentis Lavrentiadis was arrested on Thursday on a series of criminal charges in connection with the alleged issuing by Proton Bank, in which he once held a controling stake, of millions of euros in bad loans.

The 40-year-old was arrested at his home in Vouliagmeni, southern Athens, police said, and is expected to face an investigating magistrate today on charges of fraud, embezzlement, money laundering and membership of a criminal gang. If convicted, he could face life in prison, court officials revealed.

His arrest came a day after an Athens court of first instance ordered the seizure of his assets and those of 29 of his former associates in a ruling that upheld an appeal by Proton Bank shareholders. The latter complained they had taken big losses after the bank allegedly issued hundreds of millions of euros in bad loans to Lavrentiadis’s group of companies.

The name of the businessman, who has denied all charges leveled against him and insists that he has been made a scapegoat, appeared last month on the so-called “Lagarde list” of Greeks with deposits at the Geneva branch of HSBC.

In April, the Council of Appeals Court Judges banned Lavrentiadis from leaving the country along with another five people implicated in the case of allegedly questionable loans of some 700 million euros made by Proton Bank to Lavrentiadis’s group of companies.

The court deemed that the six suspects were a flight risk, particularly Lavrentiadis, whose wealth would facilitate a quick departure abroad.

ekathimerini.com , Thursday December 13, 2012 (22:05)  
Targets for troika review move back onto agenda
Public order minister to seek US help on intelligence
Tsipras urges MPs to clarify presidential election intentions
Maziotis’s partner makes statement after long silence
Banks expect conditions to turn in their favor
As much as 14 billion euros has been wiped off the systemic banks’ capitalization in the space of just a few months, as political uncertainty and the international economic environment have ...
Firms assure their investors they are turning a corner
The heads of international investment firms engaged in numerous contacts with their counterparts at listed Greek groups last week to get a firsthand evaluation of the three-day plunge experi...
Inside Business
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
SOCCER
OFI stuns Panathinaikos, Mitroglou hits twice
OFI Crete produced the upset of the week in Greek soccer beating Panathinaikos in Athens for only the second time in its history on Sunday, while PAOK stayed on top beating Atromitos at home...
Inside Sports
Greece’s closed society is central to its current malaise
I started writing my book “The Thirteenth Labour of Hercules” a couple of months after the June 2012 elections in Greece. In that nail-biting showdown, a bruised and battered electorate narr...
COMMENTARY
Between West and East
The crisis that has been buffeting Greece in recent years has perforce turned the focus of domestic politics to developments in Europe. The nation’s attention, thoughts, relationship-buildin...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Reds lose to Nea Kifissia, search for new coach
2. OFI stuns Panathinaikos, Mitroglou hits twice
3. Banks expect conditions to turn in their favor
4. Firms assure their investors they are turning a corner
5. ‘One-day’ milk becomes bone of contention
6. Targets for troika review move back onto agenda
more news
Today
This Week
1. Banks expect conditions to turn in their favor
2. ‘One-day’ milk becomes bone of contention
3. Firms assure their investors they are turning a corner
4. Greece’s closed society is central to its current malaise
5. Turkish order for Cyprus EEZ coming into effect
6. Public order minister to seek US help on intelligence
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Less haste, more focus
3. Greece to contribute 1 mln towards Gaza reconstruction
4. Greece nearing bailout exit, says gov't spokesperson after IMF talks
5. Istanbul skyscraper casts shadow over Greece's banking ambitions
6. Coalition shooting itself in the foot
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.