Fashion designer gets seven-year suspended sentence over tax debts
An Athens court on Friday handed a seven-year suspended sentence to fashion entrepreneur Lakis Gavalas after he was found guilty of owing some 17 million euros to the state, while his sister and business partner Nota received a six-year suspended sentence.
The court rejected Gavalas’s request to transfer his company’s eastern Attica headquarters to the state in exchange for a writeoff of the company’s debts on the grounds that the property was already mortgaged.
The Gavalas siblings were not expected to be released from custody until the weekend due to a technicality and were ordered to report to their local police headquarters on a regular basis.
