NEWS

Another two brokerage firm executives arrested for huge debts to state

Two executives of the brokerage firm Acropolis Secutiries were arrested on Wednesday over debts to the state by the company. The executives, the company’s 49-year-old vice-president and a 46-year-old member of the board were detained on charges of owing the state some 6.38 billion euros.

On Tuesday, police officers had arrested Theodoros Priniotakis, 40, the firm’s former vice president and his sisters Christina, 37, and Katerina Priniotakis, 30, both former members of the board. Another board member of the board had been arrested last week.

Acropolis Securities failed to pay a 5.5 billion euro fine imposed over a year ago in connection to the use of fake invoices. The fine subsequently reached the sum of 6.38 billion euros, including interest.