NYT: Judicial Inquiry on George Provopoulos Case



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    NYT newspaper has cited an article dedicated to the judicial inquiry conducted against the Governor of the Bank of Greece, George Provopoulos, now being examined for having abused his position in a bank agreement.

    The article refers to a large bank deal which induced further investigation of the agreement, as it was found that Provopoulos had a personal involvement with the deal.

    On the other hand, the report also says that there is no evidence that Mr. Provopoulos had any personal benefit from this bank transaction, which was ultimately approved. However, his role in this agreement is being investigated, while the report notes that Mr. Provopoulos could face criminal charges abroad as well, as there are other countries of the Eurozone which have invested more than 40 billion euros in the Greek banking system. Consequently, there is heavy pressure in Athens to fight the corruption at all levels, including the banking system.

    The New York Times newspaper concludes that supporters of the Governor of the Bank of Greece are talking about political motives behind the judicial inquiry.