NEWS

Prosecutors charge 27 people over ATEbank loans

prosecutors-charge-27-people-over-atebank-loans

Anti-corruption prosecutors have leveled charges against 27 people in connection to loans made by the now defunct Agricultural Bank, or ATEbank, to a meat trading company between 2007 and 2011.

The firm is said to have received 52 million euros without providing the necessary guarantees and despite suffering financial problems.

This prompted prosecutors Popi Papandreou and Angeliki Triantafyllou to charge 27 people, including former bank employees and businessmen.

The prosecutors are investigating other similar cases involving ATEbank, which is alleged to have made some 5 billion euros’ worth of unsecured loans.