NEWS

Policeman charged in mutual fund scam

A policeman acting as a financial adviser has been arrested in Athens on charges of fraud and forgery after he tried to sell a fake 30,000-euro mutual fund product that he passed off as being issued by Parliament, authorities said yesterday. The policeman, along with another suspect, both aged 34, tried to sell to a Moldovan national the financial service which offered an annual return of 25 percent. The second suspect would present himself as an employee of the National Bank in order to be more convincing, authorities added. The two men claimed the mutual fund marked the 30 years since the adoption of the Constitution and presented paperwork bearing Parliament’s logo. The victim reported the incident to police who arrested the suspects after they had accepted 30,000 euros in marked notes for the fund.