The head of Alpha TV Dimitris Kontominas, a businessman that has also been involved in insurance, retail trade and cinema, was charged on Thursday with criminal counts of tax evasion and legalizing income from illegal activity following an investigation carried out by financial prosecutors.
The charge concerns a sum of roughly 48 million euros that arose as a discrepancy between Kontominas’ declared income and the bank deposits in his name during the period 2006-2008.
The case against Kontominas was the result of a roughly year-long investigation by financial prosecutors working with unified lists of tax-evaders, who had summoned him to explain the discrepancies in his financial affairs for the period in question. Kontominas denied committing any illegal act and had resorted to the General Secretariat for Public Revenues office for settling disputes to challenge the accusations issued against him by tax authorities. After a second review of the figures, however, his case against them was dismissed.
A year ago financial prosecutors had issued an order freezing Kontominas’ assets up to the sum of 100 million euros. The case file has now been forwarded from the first-instance court prosecutors to a special magistrate, who will summon the businessman to answer to the charges made against him.