Calamos Supports Greece

Panayiotis Efstathiou

Arms Bribery Suspect Returns €2.5m to Greek State

Greek businessman Panayiotis Efstathiou, a key suspect in the German arms bribery scandal, has returned about 2.5 million euros to the Greek state. According to his attorney Michalis Dimitrakopoulos, Efstathiou deposited 2,552,435 euros in accounts of the Greek state to...

Defense Scandal Prompts More Oversight

The Greek government said it will overhaul contract awarding procedures and place defence contracts under increased parliamentary oversight following a corruption scandal in which at least 10 high-ranking military officers have been implicated for taking bribes to approve contracts...

Greek Suspect in Arms Bribery Scandal Set Free

Panayiotis Efstathiou, a Greek businessman and key suspect in the German arms bribery scandal testified on January 2, in front of the investigator. In his testimony he implicated two former Defense Chiefs, the deceased former Chief of the Hellenic Navy General Staff,...