Greek shipowner Victor Restis was detained on Friday on criminal charges of embezzlement and money-laundering in a decision that sent shockwaves through the Athens shipping community.
Mr Restis, who is accused of embezzling €5.8m from a private Greek bank controlled by his family, was considered a flight risk “due to his profession which gives him the means to leave the country and live abroad”, said Rea Katsyveli, the investigating magistrate hearing the case.
The shipowner denied the acts attributed to him.
No date was set for his trial.
(source: FT)
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