Calamos Supports Greece

Antonis Kantas

Three Former Greek Government Officials Get 25 to Life for Money Laundering

On Monday, the Greek court found guilty of bribery three formerly prestigious government officials. The corrupt activity the officials participated in included breach of faith (betrayal of confidence or trust) and money laundering that took place while the officials were in positions...

Former Greek Defense Ministry Official to Be Released From Custody After Remand Period Expires

Former Greek Defense Ministry official Antonis Kantas, who has admitted to accepting bribes while serving as deputy head of the Ministry's armed forces procurements department, is to be released from custody because the 18-month maximum period for holding a...

Thirty-two Indicted Over Kickbacks for German Submarines Contract

Another 32 individuals were indicted to stand trial before a Criminal Appeals Court on Thursday for kickbacks given in exchange for Greek Defense Ministry contracts. The case, concerning a deal for the purchase of German submarines, was uncovered during a...

Greek Prosecutor Calls 13 German Nationals Over Armaments Kickbacks Case

Corruption prosecutor Gavriil Maillis called 13 German officials of German-based Atlas and Rheinmetall AG on Thursday, to provide testimonies related to an armaments kickbacks case of submarines and antiaircraft missiles. The kickbacks were linked to the submarine Integrated Sensor Underwater Systems...

Greece Probes Saab in Defense Scandal, Asks Swedish Help

Greece is asking Swedish authorities for information about a top Saab executive suspected of working with a middleman in Greece to bribe defense officials. Sources said that the head of the First Instance Court, Vassiliki Brati, wrote to the public...

Arms Bribery Suspect Returns €2.5m to Greek State

Greek businessman Panayiotis Efstathiou, a key suspect in the German arms bribery scandal, has returned about 2.5 million euros to the Greek state. According to his attorney Michalis Dimitrakopoulos, Efstathiou deposited 2,552,435 euros in accounts of the Greek state to...

Ex-Ericsson Exec Reveals €13 Million Bribe to Greek Officials

Swedish communication tech company Ericsson paid 116 million Swedish krona (€13.05 million) in bribes to Greek politicians and military officials to secure an arms deal in Greece, Swedish radio reported Wednesday. In an interview, former Ericsson employee Liss-Olof Nenzell, who used...

Kantas Faces More Corruption Charges

Former Greek Defense Ministry deputy director of armaments Antonis Kantas, the star witness in a massive scandal at the agency, is still being prosecuted, on charges of receiving a 250,000 euro bribe from a retired military officer which he...

New Evidence, Prosecutions in Armaments Bribary Scandal

New incriminating evidence has come to light in the Greek armaments bribery scandal, implicating many state employees, politicians and businessmen. A list found during a search of Dimitris Papachristos’ office, former representative of German weapons manufacturer Krauss Maffei-Wegmann, points to...

Germany Probes Greek Arms Sales

The growing scandal in the Greek defense ministry, with witnesses alleging widespread corruption and bribery involving foreign arms contracts, has led German investigators to look into deals involving the Krauss-Maffei Wegmann (KMW), identified in testimony before Greek magistrates as...