NEWS

Defendants’ lawyers resign in Proton trial

The trial of former Proton Bank Chairman Lavrentis Lavrentiadis and another 42 people ran into problems Friday as the lawyers of all 43 defendants resigned from the case over a legal technicality. This means the court will have to appoint new lawyers for the trial to continue.

The case centers on questionable loans amounting to some 700 million euros which were allegedly handed out by the defunct lender to Lavrentiadis’s group of companies.

All suspects are facing charges of running a criminal organization, money laundering, fraud and breach of faith in connection with a series of alleged embezzlements at the bank.

Lavrentiadis was conditionally released in June after spending 19 months in pretrial custody.