Lavrentiadis
Economy
Greece Will Sell Troubled Proton, Postbank
Two of Greece's shakiest banks, Hellenic Postbank and Proton, will have to be sold by mid-July as the country's largest banks continue gobbling up smaller institutions as part of plans to help the beleaguered economy begin to recover, envoys...
Crime
Pontiki Publisher Uses Stay-Out-Jail-Card
The publisher of a satirical magazine that pokes fun at government officials and scandals has avoided prosecution on charges of receiving a 500,000 euros ($654,700) payment from a businessman whose bank accounts in Greece were frozen has avoided prosecution...
Crime
Proton Bank Suspect Fled As Priest
Petros Kyriakides, one of the principals wanted in connection with corruption that forced the government to take over the Proton Bank, fled Greece dressed as a priest and was accompanied by two men dressed as clergy, the newspaper To...
Economy
Greek Drug CFO Arrested in Bank Probe
The scandal of the failed Proton Bank that has led to fraud and embezzlement charges being filed against its former main shareholder and 30 others has grown with the arrest of the Chief Financial Officer of one of Greece’s...
Crime
Proton Loans Traced to Lavrentiadis
Prosecutors have reportedly found that more than 10 companies set up with minimal capital received millions of euros in loans from Proton Bank that later came under the control of its main shareholder, Lavrentis Lavrentiadis, who has been charged...
Economy
Claiming He's Ill, Jailed Greek Banker Seeks Bail
Business executive and former banking chief Lavrentis Lavrentiadis, saying he was too ill to remain in jail, has filed a request with the special magistrate probing his case file asking to be released on bail.
Details of his condition were...
Economy
Greece With List of 400 London Buyers
With Greek prosecutors already scouring a list of 33 politicians to determine how they obtained their wealth, the government now is probing names on another list – this one of some 400 Greeks who’ve bought luxury homes in London,...
Economy
Scandalized Proton Bank Gets Nationalized
ATHENS - The National Bank of Greece has moved to take over Proton Bank, a small lender that is under investigation for possible violation of the country's money-laundering laws and embezzlement. NBG said it had it activated a bank...