Greece
Crime
Lavrentiadis Released on 500,000 Euro Bail
Lavrentis Lavrentiadis, remanded in custody for the Proton Bank scandal in Greece, was released on a 500,000 euro bail. He was accused of money laundering and the embezzlement of 701 million euro from Proton Bank through unsecured loans to...
Crime
100 Million Euro Bail Set for Lavrentiadis
Lavrentis Lavrentiadis, former CEO of Proton Bank was proposed a mammoth bail of 100 million euros by the prosecutor in charge of the case concerning Proton Bank’s unsecured loans, in order to be released from jail.
The prosecutor proposed to...
Art
Lavrentiadis Arrest Seen Turning Point
With pressure building on Athens to crack down on still-rampant corruption, the government has charged a banker whose small, private institution was found to have made as much as 700 million euros in bad loans with a criminal gang.
Lavrentis...
Crime
Proton Loans Traced to Lavrentiadis
Prosecutors have reportedly found that more than 10 companies set up with minimal capital received millions of euros in loans from Proton Bank that later came under the control of its main shareholder, Lavrentis Lavrentiadis, who has been charged...
Crime
Lavrentiadis Heading for Jail on Bank Charges
Prominent Greek businessman Lavrentis Lavrentiadis, who was taken to a psychiatric hospital following his arrest on charges of money-laundering, fraud and being part of a criminal gang while the major shareholder of Proton Bank, will be jailed pending his...
Greece
Lavrentiadis Hospitalized, 17 Arrested In Bank Scandal
Prominent Greek businessman Lavrentis Lavrentiadis, who was arrested on Dec. 13 over his alleged involvement in a scandal involving the Proton Bank, in which he was the major shareholder, was taken to a psychiatric hospital on Dec. 14 as...
Economy
Prosecutor Charges Lavrentiadis With Fraud
A Greek prosecutor filed felony charges against prominent Greek banker Lavrentis Lavrentiadis over a financial scandal that has led to the demise of small lender Proton Bank, court officials said on Wednesday, according to Reuters.
Lavrentiadis, a high-flying businessman who...
Greece
Opposition Demands Probe of Alleged Petsitis Financial Scandal
Greek opposition parties New Democracy and Movement for Change continue to demand an answer from the government about an alleged financial scandal involving Manolis Petsitis, a friend of Digital Policy Minister Nikos Pappas.
Petsitis is also a friend of Prime...
Greece
4.3 Mln Euros Returned to Greek Government From Cases of Armament Scandals
Justice Minister Stavros Kontonis announced on Friday, that an amount of 4.3 million euros has been deposited in a special account opened at the Bank of Greece for the Greek government, involving armament matters.
The corruption investigators had...
Crime
Appeals Justices Order 35 to Stand Trial in Postbank Bad Loans Case
The Appeals Justices' Council ordered 35 people, on Tuesday, to stand trial for bad loans issued by TT Hellenic Postbank before its liquidation in 2013, including the bank's former head Angelos Filippidis.
In their indictment, the justices said that all...
Crime
Greece's Rich Plundered Banks
The head a Greek unit investigating money-laundering told Parliament that connected Greek businessmen have been using five banks in elaborate scheme to essentially steal a billion euros of depositors’ money while being protected by politicians he didn't name.
Panayiotis Nikoloudis,...
Greece
Filippidis Βefore the Ιnvestigating Μagistrate
Greek Former Hellenic Postbank (TT) chairman and CEO Angelos Filippidis is currently testifying before the investigating magistrate on corruption issues.
Filippidis will try to rebut the charges against him and persuade the magistrate not to order his detention on remand...
Crime
From Greek Media Magnates to Psych Ward Roomies
The psychiatric ward of the Greek Korydallos prison in Athens is not exactly the ideal place for business meetings of media owners. However, this depressing environment holds three of the once most powerful Greek media magnates, Lavrentis Lavrentiadis, Michalis...
Greece
Get Your Greek Arrest Scorecard Right Here!
Ho-hum, another day in Greece, another arrest. A hundred here and a hundred there and pretty soon you're talking real numbers. A quick calculation shows that at this rate, the government will have arrested every person in the country...
Crime
Varotsis Released for Postbank Fraud
Hellenic Postbank (TT) executive, Marios Varotsis was the first to be released after submitting his written statement. He is among 30 defendants arrested so far in the case of bad loans.
Varotsis was released on condition that he post's bail...