NEWS

Two held for hacking bank

Officers of the police?s electronic crimes unit have detained two Greek students, both aged 21, and are seeking a Briton of the same age in connection with the embezzlement of more than 300,000 euros from Citibank.

The two Greeks, both trainee dentists, were arrested in Thessaloniki and released pending trial after testifying and posting 10,000 euros each in bail payments. The Briton implicated in the case has an international arrest warrant issued against him pending, police said.

The suspects are alleged to have tampered with the online exchange rate systems to create artificial parity between euros and British pounds before making a series of conversions worth 1.65 million euros that netted them a total of 309,000 euros.

They are alleged to have put some of the cash in their bank accounts and to have invested another portion of it in the New York Stock Exchange.