NEWS

Prosecutor proposes home detention for Lavrentiadis

A prosecutor has proposed that Lavrentis Lavrentiadis, the former major stakeholder in Proton Bank who is in custody pending trial for embezzlement, be confined to his home after his 18-month maximum detention period ends this month.

The prosecutor also proposed to the Council of Appeals Court Judge that Lavrentiadis surrender his passport and only be allowed to leave his home three times a month to report to his local police precinct.

Last month judges decided that Lavrentiadis and another 33 suspects will have to go to trial to face charges of running a criminal organization, money laundering, fraud and breach of faith in connection with alleged embezzlement at the lender.