Business Greek Court Suspends €44Mln Fine for Tobacco Company

Greek Court Suspends €44Mln Fine for Tobacco Company

The First Instance Administrative Court of Komotini suspended the enforcement of a €44 million fine imposed on SEKAP tobacco company for actions allegedly made prior to its acquisition by the Ivan Savvidis group.
The court in its decision N22 / 2018 accepted the company’s request and suspended the execution of the individual notification of the Xanthi customs office for the payment of a fine of €38 million – now up to €44 million with the accumulated penalties for being in arrears since 2009.
The suspension application filed by Savvidis’ lawyer Alexandros Lykourezos, was supported by the employees of SEKAP, arguing that it was the only way for the company to continue its operation.

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