Businessman connected to ex-minister’s kickbacks released on bail

A businessman facing charges related to the money-laundering racket centered around former Defense Minister Akis Tsochatzopoulos (photo) was on Saturday released on bail of 500,000 euros.

Alexandros Avatangelos has been implicated in the laundering of money from kickbacks that the former socialist heavyweight is alleged to have pocketed from the purchase of four German-made submarines.

Avatangelos has denied the charges. He has been prohibited from leaving the country.

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.