BUSINESS

Former managers of Greece's PPC facing breach of duty charges

An unspecified number of former managers of Greek state utility Public Power Corporation were charged with breach of duty on Friday for commissioning a power plant that lost the company about 100 million euros, a court source said.

PPC commissioned the 250-million-euro natural gas-fired plant at Aliveri in central Greece in October 2007.

“The charges were filed against PPC managers who signed the contract but don’t name any individual,” the court official said.

He said the charges alleged breach of duty, which carries a maximum sentence of life in prison, and that individuals would be named after a further round of investigation.

PPC declined to comment, saying it has not been officially informed of any charges.

[Reuters]

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