Man arrested in Larissa for photovoltaic park scam

A man suspected of obtaining about 1 million euros by conning people into believing he would build photovoltaic parks has been arrested in Larissa, central Greece.

The man, identified by authorities by his initials, NP, had been wanted since 2012, when a number of people in Fthiotida and Thessaly began reporting complaints to police about the scam.

The suspect is alleged to have set up a company, Energy Production & Trading, in the UK and a subsidiary in Greece.

He met clients in luxury hotels in Athens to agree projects for photovoltaic installations.

NP accepted between 20,000 and 50,000 euros as advances for each scheme but never followed through with any work.

Police have traced payments of more than 800,000 euros to the company’s bank account.