money laundering

It was revealed that the owners of a very well-known private vocational school (IIEK), which has been operating in Greece for the last twenty years in the field of private post-secondary education, were in fact evading millions of euros in...

An excess of 5 billion euros played a year in illegal gambling as a result of money laundering has been reported in Greece pointed out the General Secretary of Transparency and Human Rights, George Sourlas during a meeting with the...

Vicky Stamatis’ petition to be released from prison was denied by the five member Court of Appeals. The court unanimously denied Stamatis’ petition, after the prosecutor’s suggestion to refuse her exit from the prison. Vicky Stamatis, the wife of former...

After 20 months of investigation, Greek police revealed another scam against the Greek state. An international demining Non Governmental Organization (NGO) received about 9 million euros from the Greek State from 2000 to 2004, to finance alleged demining programs...

Sotiris Emmanouil was detained for his part in the submarine scandal after his formal statement to the Magistrate Gavriil Mallis. Emmanouil was an executive and former president of the Hellenic Shipyards in Skaramagas, Athens when Akis Tsochatzopoulos was Minister in...

New arrests were made today in the case of bribes for defense equipment contracts. The police have arrested Sotiris Emmanouil and Ioannis Mpeltsios. Sotiris Emmanouil was an executive of the Hellenic Shipyards in Skaramagas, Athens. According to allegations, he received...

Antonis Kantas, former deputy general manager of armament, during 1996-2002 (with Minister of Defense Akis Tsochatzopoulos and then Yannos Papantoniou), was arrested for the second time. He is now accused of money laundering. Kantas will submit his defense Tuesday. Kantas...

Former Greek defense minister Akis Tsochatzopoulos, who was found guilty on Oct. 7 of money laundering and corruption charges, was sentenced to 20 years in jail. Tsochatzopoulos claims that the court verdict was affected by secret interventions made by powerful...

After 18 months in detention the Tsochatzopoulos trial came to an end by finding the former Greek minister of defense guilty for money laundering. Sentencing is expected on Oct. 8. The high-profile corruption case involved 18 other defendants, 16 of...

The clash between ND and PASOK continues over the issue of corruption and money laundering. Yesterday, PASOK brought its proposal to the Parliament to open all bank accounts of politicians in Switzerland. Mr. Mihelakis, ND's spokesman, accused Mr. Kahrimakis,...