Greece

Greek businessman Panayiotis Efstathiou, a key suspect in the German arms bribery scandal, has returned about 2.5 million euros to the Greek state. According to his attorney Michalis Dimitrakopoulos, Efstathiou deposited 2,552,435 euros in accounts of the Greek state to...

Panayiotis Efstathiou, a Greek businessman and key suspect in the German arms bribery scandal testified on January 2, in front of the investigator. In his testimony he implicated two former Defense Chiefs, the deceased former Chief of the Hellenic Navy General Staff,...

Greek businessman Panayiotis Efstathiou, a key suspect in the German arms bribery scandal testified today in front of the investigator. Leaks from his testimony have caused an uproar in the Armed Forces, with two former chiefs implicated in the...

Prime minister Alexis Tsipras dutifully stood by his Defence minister and coalition partner Panos Kammenos in a fierce parliamentary debate over the controversial Saudi Arms deal. They were both hammered by opposition parties, and the term "scandal" was often...

A Swiss senior banker who was among the key suspects in the so-called Siemens scandal as well as in armament programs scandals is currently being held in custody in Greece, as the country's media pressed earlier today. An international arrest...

Greek Defense Minister Panos Kammenos announced on Tuesday he submitted two files relating to arms procurement to a public prosecutor in order to investigate possible bribery or corruption. "For two of the cases we already have evidence - very...

Court of Appeals Prosecutor Panagiotis Panagiotopoulos on Thursday requested the waving of telephone communication privacy and asked for the assistance of the Electronic Crime Squad in searching for evidence in social media accounts related to the reopened case of...

The growing scandal in the Greek defense ministry, with witnesses alleging widespread corruption and bribery involving foreign arms contracts, has led German investigators to look into deals involving the Krauss-Maffei Wegmann (KMW), identified in testimony before Greek magistrates as...

The widening scandal in the Greek defense ministry is set to take another turn on Jan. 2 when a key suspect, Panayiotis Eftathiou, said to be a middleman between Greek officials and German arms manufacturers is set to testify...

Former Cypriot Minister Dinos Michaelides, his son Michalis and Syrian arms dealer Fouad al-Zayad, involved in the German arms bribery scandal, went on trial in Greece, accused for bribery and money laundering. According to "Cyprus Mail", the Former Minister’s defense team...

Several big German corporations are allegedly involved in corruption in Greece as former executives are to appear in Greek courts, according to an AFP report. Siemens, Daimler, Rheinmetall have allegedly bribed Greek politicians in order to get contracts in the...

"Either they do not want an agreement or they serve special interests in Greece," Prime Minister Alexis Tsipras said to his colleagues, shortly before departing for Brussels. The Greek prime minister was referring to the insistence of the International Monetary...

Rheinnmetall, a German arms and defense systems supplier, received a 37.1-million-euro fine for bribing Greek officials. A company representative is being accused of bribing officials in Greece in order to close armament deals. The prosecutors from Bremen, Germany, who were researching the case,...

Former Greek Defense Minister Yannos Papantoniou, accused of falsely declaring his wealth – a first-degree felony – was released on 100,000 euros bail. His wife Stavroula Kourakou, also accused of tax evasion, was released on 50,000 euros bail. Papantoniou appeared...

According to a recent article in the German newspaper, Der Spiegel, the president of the Federation of German Industries (BDI), Ulrich Grillo might be involved in the Greek armament and bribery scandal. The article claims that Grillo may have been implicated during his tenure...