Ten Charged in Greek Bank Fraud



Post_Bang_GreeceIn yet another case of alleged fraud involving a Greek bank, at least 10 arrest warrants have been issued in connection with suspect loans worth more than 400 million euros ($543.8 million) given by Hellenic Postbank between 2006-2011, according to reports.

Police were reportedly seeking several Greek and Cypriot businessmen, former CEOs and other staff of the bank following a probe into the loans on charges of money laundering and fraud.

They were said to include the owner of Alpha TV, Dimitris Kontominas, who was reportedly being treated in a hospital for an illness, a frequent occurrence for high-level suspects in Greece, although it was reported that he wasn’t involved in problem loans but that the problem related to a credit card issued by the bank to his company.

His office released a statement that hadn’t been informed about the case. “There is no reason to be concerned and we will follow the legal procedures. The loan has been taken in accordance with banking practice and no legality and lawlessness . The loan is serviced and guarantees given are personal and exceed the amount of the loan,” it added.

Also reportedly arrested was the former deputy managing director, Marios Varotsis while being sought were Angel Fillipidi and  Kleon Papadopoulos, former governors of the bank; Griveas and his wife Anastasia Vatsa, Cypriot Greek shipowner , X. Siganos.

The state bank, like many others in Greece, has been floundering.


8 COMMENTS

  1. What is Alpha TV’s Kontominas’ ailment a self-induced Panic Attack, the Blues or an Anaphylaxis reaction to court rooms?

  2. He has been diagnosed with Stage 4, “Greek flu”….which ofcourse is self inflicted & needs to be hospitalised for a period up to and when he is off the hook.

  3. A picture tells a thousand words.
    Kontominas with the fat corrupt disgusting pig.
    Kontominas with Tzohatzopoulos.
    Kontominas with Lazoppoulos.
    Kontominas with Γεωργιάδη and Σεραφείμ.

  4. WHAT AN ABSURD SHOW OF BANKER CLOWNS & GOV”T CRIMINALS! All patting each other on the back for dasterdly, “slip-shod” job well undone… In the EU today we have 2 “Criminal Gangs” one from from Brussels run by Barroso, Rhen and Merkel and the other gang is PASOK and New Democracy Parties running a government of Thieves, Liars & Crooks who created all these problems today and should never have been let in the EU.

    It was PASOK & ND Parties who created all the financial problems in Greece by their corrupt rule and mismanagement– (Akis Tzahadzopolous and Yiannos Papantoniou are ex-MPs from PASOK who are an example of their horrific
    corruption).

    1.) Why isn’t PASOK’s MP Venizelos in jail for hiding the Legarde List 2 years in his home? And what about Venizelos’ controversial submarine bribery deal, he signed in 2010?

    2.) Why isn’t PASOK’s Finance MP Papconstantiou in jail for removing his relative’s names on the List?

    3.) What about PASOK & ND Parties still owing 250 million Euros to the Banks in phony loans they have not paid back a penny yet?

    4.) What about Health Minister Georgiades who got caught cheating on his taxes the other day and was let off with a minor fine of 1200 Euros. Whys is he still a Minister and not fired??

    5.) Why aren’t Kyriakos Mitsotakis and his sister Dora in jail after taking BRIBES from Seimens?

    It seems to me the Gov’t, EU Commission and Press here is using ANYTHING as a DISTRACTION to take attention away from the Massive Crimes these two corrupt Parties have committed as well as Treason against the whole Greek nation after 39 years of corrupt rule– They MUST ALL BE IMPEACHED and JAILED for high crimes and TREASON against the Greek People and State!

  5. This is the work of Pasok and New Democracy party…These 2 political parties must be dismantle…They are the cause of the country’s bankruptcy…Both past and present politicians should go to jail for treason and for causing the death of innocent people…

  6. This is how Greek millionaires make their money by stealing from poor people and that includes our corrupt politicians together with their parasites…