NEWS

GENOP union chief bailed over loans received from PPC management

Nikos Fotopoulos, the head of GENOP, one of the Public Power Corporation’s worker unions, was released on bail on Friday after being questioned in connection to two loans that the labor group received from the firm’s management.

“The first battle has been won – GENOP has not been silenced,” the prominent unionist said after being asked to post bail of 60,000 euros and told not to leave Greece.

He is being investigated over a loan of 300,000 euros and another of 500,000 euros PPC granted GENOP. The first was for a study that was never carried out and the second to cover union expenses. Fotopoulos is accused using 312,000 euros provided to cover travel costs for other purposes. The union chief argues that GENOP agreed with PPC management that the money would be used elsewhere. He also says the loan is being repaid promptly.

Two GENOP secretaries are also facing charges, while 10 members of the PPC board have already been questioned by a magistrate in connection with the case.