In 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.