Calamos Supports Greece

KMW

Defense Scandal Prompts More Oversight

The Greek government said it will overhaul contract awarding procedures and place defence contracts under increased parliamentary oversight following a corruption scandal in which at least 10 high-ranking military officers have been implicated for taking bribes to approve contracts...

German Company Representative Arrested for Bribes

According to Greek news sources, police have arrested 78-year-old arms dealer Dimitris Papachristos, on charges of bribing Greek officials in order to receive lucrative arms contracts. He was a representative during the year 2000 of the German company Krauss-Maffei Wegmann (KMW)....