Sotiris Emmanouil was detained for his part in the submarine scandal after his formal statement to the Magistrate Gavriil Mallis.
Emmanouil was an executive and former president of the Hellenic Shipyards in Skaramagas, Athens when Akis Tsochatzopoulos was Minister in the Ministry of National Defense. He was temporarily detained, as agreed by both the Magistrate and Prosecutor.
Emmanouil was accused of bribery and the laundering of 17 million Euros through his company, which he received from the German shipbuilders HDW. However he denies the accusations, insisting that the money came from legal transactions between the two companies.
On Saturday, Ioannis Mpeltsios, former associate of Tsochatzopoulos, is due to appear before the Magistrate to make a formal statement. He was arrested on the same day as Emmanouil.
Alexandros Avatagelos was arrested yesterday. He is a key figure in the submarine scandal and after his formal statement to the Magistrate Gavriil Mallis, was released. His bail was set at 500,000 euros, while he was prohibited from leaving the country and had to report to a police station regularly. But he was rearrested yesterday for failing to post bail and was sent directly to prison.