NEWS

Bribery suspect gaining time

The former CEO of Siemens Hellas, Michalis Christoforakos, a key suspect in a cash-for-contracts scandal, has secured the postponement of his trial on charges of bribing state officials in order to obtain lucrative state contracts for the firm, after allegedly seeking a deal with the parent company in Germany, Kathimerini has learned. Christoforakos had been due to face trial on these charges last Tuesday in Munich. According to sources, the German company rebuffed the alleged proposal. Siemens is reportedly seeking a total of 5 million euros in compensation from Christoforakos and another former Siemens Hellas executive, Prodromos Mavridis, for the damage it claims that the two men’s alleged activities have caused it. Mavridis, who allegedly helped Christoforakos set up a slush fund for paying off Greek politicians and state officials, was released from custody on conditional terms last Friday after posting 150,000 euros in bail.