Kickbacks

The Five-Member Court of Cassation, has decided on the confiscation of all properties and bank accounts of former defense minister Akis Tsochatzopoulos, and 12 others involved in armament kickbacks. The court has also ordered a compensation of 1,570,000 euros in...

On Wednesday ex-defense minister Akis Tsochatzopoulos' request for his bail to be lowered for his early release from prison was denied, however, the 77-year-old was able to raise the 200,000 euros needed to obtain bail. Sources have told the Greek...

Well-known businessman Thomas Liakounakos was arrested at 10 pm on Monday on charges of involvement in Greek Navy armament kickbacks. Liakounakos is involved in managing 1.6 billion euros stemming from the purchase by the Greek government of four aircraft and...

Several big German corporations are allegedly involved in corruption in Greece as former executives are to appear in Greek courts, according to an AFP report. Siemens, Daimler, Rheinmetall have allegedly bribed Greek politicians in order to get contracts in the...

Greek Combating Corruption Minister Panagiotis Nikoloudis has recently proceeded to an alarming statement, explaining that all contracts signed in the past between the Greek state and companies included kickbacks ranging from 2% to 2.5%. "In the large contracts for...