Michalis Christoforakos
Crime
Siemens Hellas Scandal Ringleaders Receive Heavy Prison Sentences
Fourteen long year after the launch of the trial of dozens of people linked to the Siemens bribery scandal, an Athens court handed down prison sentences of 15 years to the key suspects on Monday.
Former CEO of Siemens Hellas...
Crime
Greek Court Finds 22 Guilty in Siemens Bribery Trial
Twenty-two defendants in the Siemens bribery scandal were found guilty by a Greek court on Tuesday, an incredible fourteen years after a judicial inquiry was first launched.
Among those are former Siemens Hellas CEO Michalis Christoforakos, who was arrested in...
Greece
Siemens Bribery Scandal: 64 Suspects Referred to Trial
Michalis Christoforakos is among the 64 people who are summoned to appear before an Appeals Court, accused of being involved in the bribery scandal between Siemens and Greek state-owned telecommunications company OTE that rocked Greece nearly ten years ago.
The 64 suspects...
Economy
Siemens Makes Deal with Greece to Settle Bribery Cases
ATHENS – After long delays, Greece has reached an out-of-court settlement with German engineering firm Siemens, which was charged with bribing politicians in return for lucrative government contracts. Siemens, which reportedly was overpaid $2.6 billion, has agreed not to...