Calamos Supports Greece

Ericsson

Greek Businessman Jailed After Testimony on Ericsson Bribe Scandal

Greek businessman Thomas Liakounakos was sent to jail pending trial on Friday after a seven-hour testimony on his role in Swedish telecom Ericsson’s cash-for-contracts scandal before an investigative magistrate on corruption. Liakounakos, who acted as a commercial agent for Ericsson...

Swiss Banker in Custody After Testifying Before Greek Prosecutors

Swiss banker Jean-Claude Oswald was detained pending trial after testifying on Wednesday before two Greek prosecutors on separate cases involving money laundering and kickbacks in armament procurement contracts. Oswald, a former officer of Dresdner and BNP Paribas banks, testified before...

Ex-Ericsson Exec Reveals €13 Million Bribe to Greek Officials

Swedish communication tech company Ericsson paid 116 million Swedish krona (€13.05 million) in bribes to Greek politicians and military officials to secure an arms deal in Greece, Swedish radio reported Wednesday. In an interview, former Ericsson employee Liss-Olof Nenzell, who used...

Kantas Faces More Corruption Charges

Former Greek Defense Ministry deputy director of armaments Antonis Kantas, the star witness in a massive scandal at the agency, is still being prosecuted, on charges of receiving a 250,000 euro bribe from a retired military officer which he...