NEWS

Charges filed over loans of 38 mln euros against Proton Bank execs

A prosecutor in Athens on Friday filed felony charges against the former executives at the now defunct Proton Bank in connection with loans totaling 38 million euros.

The members of the committee responsible for approving loans are accused of breach of trust concerning credit extended to two businessmen who joined the panel from Omega Bank once it was absorbed by Proton.

The loans were never repaid.

These charges are separate to those filed against Proton’s main shareholder, Lavrentis Lavrentiadis, who has been accused of embezzling 701 million euros from the lender.

He denies the charge.