ECONOMY

Eldorado CEO intends to sue Skourletis

eldorado-ceo-intends-to-sue-skourletis

The chief of Eldorado Gold, Paul Wright, on Thursday announced his intention to press charges against Greek Environment Minister Panos Skourletis for his statements against the Canadian mining company’s CEO in an interview with Bloomberg on Tuesday.

Skourletis accused Wright of shorting Eldorado Gold’s shares, adding that his salary is pegged to the company’s stock price.

A statement by Hellenic Gold, the local subsidiary of the Canadian group, made it clear Thursday that Wright intends to resort to justice and that he had confirmed to the Greek company that the minister’s statements about him are unfounded and untrue. Hellenic Gold added that Wright will donate any damages that the court awards him to charities in Greece.

Skourletis’s response to Wright’s intention to sue came via a statement by the ministry, saying that just as Wright “is free to exercise the rights the Greek law offers to him, the minister is also entitled in the context of his duties to express his political views and protect the public interest.”

Ruling party SYRIZA joined in with a statement saying that the party and the government can be neither threatened nor blackmailed.