NEWS

Five accused of gaming fraud in OPAP case

An Athens prosecutor on Monday brought fraud charges against the owner of the Intracom telecommunications systems and technology group, Sokratis Kokkalis, and another four members of the company?s subsidiary Intralot and state gaming operator OPAP over accusations that the five defrauded the state out of tens of millions of euros in a 2007 deal involving gaming terminals.

Prosecutor Eleni Raikou brought criminal charges of breach of faith against the five defendants in connection to Intralot?s provision of technology to OPAP.

According to the contract signed in 2007, the technology was worth 96 million euros but OPAP ended up paying around 300 million euros for it.

The order for the gaming terminals originally had been subject to an international tender but the competition was called off prematurely after two officials on the tender committee resigned. Intralot was then directly assigned the contract even though offers by three companies had been deemed competent.