Energy executives placed in custody

The number of executives of energy suppliers Hellas Power and Energa in pretrial custody for alleged debts of some 200 million to the state rose to four on Friday as prosecutor Spyros Georgouleas remanded three more suspects.

The judicial official is investigating allegations that the companies failed to pass on to the government about 200 million euros collected from customers for the emergency property tax levied through electricity bills.

Energa executive Charalambos Smyrliadis was remanded in custody on Thursday and he was joined Friday by the company?s CEO, Artistidis Floros, his son, Achilleas Floros, and general manager Stefanos Siafakas. The managing director of Hellas Power, Vassilis Milionis, is due to appear in court on Saturday along with another suspect, Nikos Dekolis. The suspects were charged after their offshore bank accounts were searched.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.