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GreekReporter.comGreecePolice Arrest Regulatory Official on Suspicion of Bribery‎

Police Arrest Regulatory Official on Suspicion of Bribery‎

An employee at Greece΄s stock market regulator was arrested and charged with bribery and extortion, police said on Tuesday.
The staffer, 42, worked at the regulator΄s Thessaloniki branch and allegedly sought bribes of 1,500 euros from the head of a broker-dealer in the northern Greek city to prevent regulatory checks being carried out, according to Reuters.
The broker-dealer reported the incident to the police΄s internal affairs unit which arrested the man after he accepted marked banknotes amounting to 1,500 euros at a meeting with the head of the securities firm in Athens.
This is the first time an employee of Greece΄s Capital Markets Commission has been arrested on suspicion of accepting bribes in its 15-year history. It comes as Greece, near the bottom among Western European and European Union nations in corruption rankings, tries to show foreign lenders it is serious about reforming to pull itself out of a debt crisis.
The securities regulator, which has a staff of about 150, condemned the alleged act. “Authorities must set an example and when necessary, strictly confront those who test citizens΄ trust in public institutions,” it said in a statement.
(source: Reuters, capital)

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