As of 2010, Flambouraris is the owner of 50 percent of construction company DIATMISI ATE which he claimed he closed upon his appointment in public office on January 27. Greek law does not allow parliament members to own and operate businesses while in office. The other half of the company belongs to Ioannis Kottaridis.
However, the report says that Flambouraris’ company signed a 3.9-million-euro contract with the Greek government on May 20, 2015. Also the contract was signed at a time when all public works were put on hold because the Greek government was in the process of negotiations for Greece’s bailout.
DIATMISI ATE signed the contract with the Peloponnese Region and was signed by Kottaridis. Yet, Flambouraris spoke on public broadcaster ERT on Tuesday claiming that he closed the company when he took office.
The 77-year-old politician is Alexis Tsipras’ political mentor, according to the words of the former prime minister of Greece.
See the contract below: