Businessman ordered to post bail in ‘Electronic Warfare’ case

Businessman Thomas Liakounakos was ordered to post 300,000 euros in bail and was banned from leaving the country on Monday after testifying in front of special anti-corruption prosecutor Costas Sargiotis.

Liakounakos is facing charges in connection to an electronic defense program known as “Electronic Warfare,” which cost the state 50 million euros more than necessary, according to the case file.

According to prosecutors, Liakounakos’s company SONAK allegedly received a 35 million euro commission on behalf of the Greek state but failed to deliver the defense software.