Recycling firm a racketeering front

A police raid on a business claiming to be into recycling in Aspropyrgos, west of Athens, revealed evidence of large-scale racketeering.

The firm’s owner, a man aged 62, and his 33-year-old daughter handed themselves into authorities on Friday following Tuesday’s raid and face a string of serious criminal charges.

Officers found evidence that the firm was taking in high-end clothing and footwear, as well as car tyres, meant for recycling and selling it back into the market. Some 9.5 million euros’ worth of products were found.

The 61-year-old is also being accused of usury and of tax evasion to the tune of 2 million euros.

Five handguns, around 1 million euros in cash and an escape tunnel leading off the premises were also uncovered.

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.