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PPC Chief Bailed Over Dubious Loans

PPC chief Nikos Fotopoulos
PPC chief Nikos Fotopoulos

Nikos Fotopoulos, who heads GENOP, one of the Public Power Corporation’s (PPC) worker unions, has been released on bail after being questioned in court over two loans the group received from the company’s management, which negotiates with him terms for the workers he oversees.
Some of the loans went to pay for him to take trips and for other undisclosed purposes, although he said he did nothing wrong with taking money from rivals or if it went against the interest of his members.
“The first battle has been won – GENOP has not been silenced,” he said after being asked to post bail of 60,000 euros ($78,180) and told not to leave Greece.
He is being investigated over a loan of 300,000 euros ($390,915) and another of 500,000 euros ($651,525) that PPC granted GENOP. The first was for a study that was never carried out and the second to cover union expenses. Fotopoulos is accused using 312,000 euros ($405,550) provided to cover travel costs for other purposes.
He said that GENOP agreed with PPC management that the money would be used elsewhere. He also said the loan is being repaid promptly but he didn’t say how or whether he felt it was a conflict of interest for the labor union to accept money from the management of the company.
Two GENOP secretaries are also facing charges, while 10 members of the PPC board have already been questioned by a magistrate in connection with the case.

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