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Cyprus Connection and the Tsochatzopoulos Scandal

A few days ago, Akis Tsochatzopoulos, a former Greek minister, was arrested due to charges on money laundering against him. Three more men have also been arrested on account that they seem to be partners.
One of them, his cousin, is the owner and founder of an offshore company based in Cyprus. He is accused of money transferring through his company.
The ex-minister and member of the PASOK party was accused of illegal transactions with submarines from German firm Ferrostal, as well as with the Russian surface-to-air missile systems.
The media now speaks of the possibility that Cypriot company Drumilan Offset Programme Ltd is involved with the money laundering. It seems that cash, connected with the Russian TOR M1 air defense systems, was transferred through the Cypriot company.
Moreover, Nikos Zivras, cousin of Tsochatzopoulos and owner of the company, has also sold a mansion to the former minister’s daughter. Every cash transaction between the family members is being checked.
Police and magistrates are investigating the role that the Cypriot company played in the economic scandal.

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