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Cypriot Lawyer Questioned in Tsohatzopoulos Scandal

Greek authorities are investigating the Tsohatzopoulos case and have ordered the temporary imprisonment of many colleagues and relatives of the former MP and former Minister. Akis Tsohatzopoulos is accused of money laundering and payoffs for military equipment, legalized through offshore companies, one of which is situated in Cyprus.
On May 24, a Nicosia-based lawyer, Spyros Hadjinikolaou, was questioned by the Greek prosecutor investigating the Tsohatzopoulos case and was asked to appear in Athens urgently to be questioned in regards to the offshore company.
According to the Greek newspaper Politis, Hadjinikolaou appears to be the lawyer who approved and legalized some of the companies through which the illegal money was transacted. The Greek legal system defines such an involvement as “legalization of money coming from criminal activities.”
Hadjinikolaou must defend himself before the police magistrates on June 5 at 9:00 am.
Greek police have also arrested a cousin of Tsohatzopoulos because he appears to be the beneficiary of Torcaso Investments Ltd company, based in Cyprus. Torcaso and another Cypriot companies may have been the main “transactor” of cash linked with the Greek Ministry’s purchase of the Russian air defense systems.
Politis also reports that the participation of the Cypriot lawyer, as well as of 12 others in the money laundering case, facilitated this activity from early 1998 until April 2010, earning 150,000 euros.

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