Ten Former Attica Bank Officials, Employees, Charged With Breach of Duty Over Loans

Ten former bank officials and employees of Attica Bank have been charged with breach of trust against a banking institution by a corruption prosecutor in Thessaloniki for granting loans to insolvent businesses during the period 2010-2011.

The file includes four businesses which received loans totaling 2.5 million euros without offering collateral. Those accused are the former manager and deputy manager of the bank’s Thessaloniki branch, a senior bank employee who advocated the loans and seven employees of the bank’s credit committee who approved the loans, although there were no guarantees.

The case was revealed following an investigation by the economic police, which in turn was opened after complaints were lodged in 2016 by fired bank employees.

Among the businesses that received loans were a medical and hospital equipment company and a construction company in Thessaloniki. According to the police report, although the companies had provided no guarantees or collateral, Attica Bank approved the loans which ended up not being serviced. Two of the companies which received loans during that period closed down shortly after.

The suspects will be called in the coming days to appear before the corruption investigative judge.

Source: ANA-MPA