Sunday December 21, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
State to benefit from seized assets

 Draft bill foresees the liquidation of assets confiscated in corruption cases

Money or assets frozen or confiscated by judicial authorities in connection with financial crimes and cases of state corruption will automatically go into state coffers, according to a bill that will soon be tabled in Parliament by the Greek government, Kathimerini understands.

The draft legislation, which has been drafted by Justice Minister Haralambos Athanasiou, concerns assets derived from tax evasion, inaccurate declaration of property assets, money laundering and smuggling. The money is to be placed in a special account controlled by the state.

Government officials predict that the measures will bring about 800 million euros in revenues into the countrys cash-strapped coffers.

Authorities have already seized about 160 million euros in assets belonging to businessman Lavrentis Lavrentiadis, the principal shareholder of Proton Bank which failed because of bad loans, and an additional 40 million euros that belonged to other suspects implicated in the embezzlement scandal.

Another 240 million euros has been frozen in the accounts of alternative energy suppliers Energa and Hellas Power, which had their licences revoked over unpaid debts. Large amounts of money as well as properties have been seized in connection with the arms procurements scandals.

Meanwhile, the bill foresees that if a suspect or convict informs investigators of a secret bank account with illegally acquired assets, they will get reduced jail time for their offense.

ekathimerini.com , Monday Jan 20, 2014 (20:20)  
Greek PM offers compromise solution with elections by end-2015
Environment Ministry to reconsider controversial bill
Corfu to host countrys first hydroplane strip
Political upheaval sharpens after bribe claims with threats and insinuations
Workers rush to get early retirement
Nine out of 10 workers who retired in the last four months who had belonged to the former special funds of banks and state corporations that have now been incorporated in the Social Security...
Piraeus Containter Terminal goes from strength to strength
Piraeus Container Terminal, the local subsidiary of Chinese giant Cosco Pacific, is expected to handle a total of over 3 million containers in the January-December period of this year. The J...
Inside Business
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
INTERVIEW
Crisis of confidence will come back again and again, says Thomas Piketty
Hes treated like a rock star wherever he goes to lecture. His book Capital in the 21st Century, a study on income and wealth inequality from the 18th century to the present, recently tran...
COMMENTARY
Who lost Greece
If Greece collapses much will be said about where the fault lies. Sure, we all know the failings of Greek politicians. That said, much of the blame lies with outsiders who pushed Greece beyo...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greek PM offers compromise solution with elections by end-2015
2. Environment Ministry to reconsider controversial bill
3. Corfu to host countrys first hydroplane strip
4. Political upheaval sharpens after bribe claims with threats and insinuations
5. Police gets new communications system
6. Most Greeks say they recycle daily
more news
Today
This Week
1. Greek PM offers compromise solution with elections by end-2015
2. Who lost Greece
3. Crisis of confidence will come back again and again, says Thomas Piketty
4. Snubbing the moderates
5. Get your facts straight
6. The big picture
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. A friendly yet firm message from Pierre Moscovici
3. Europe's drama in Greece needs final act to avoid tragedy
4. High stakes
5. On the edge but not gutless
6. Gap between SYRIZA and New Democracy closing, says poll
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.