Greece
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Lavrentis Lavrentiadis

4.3 Mln Euros Returned to Greek Government From Cases of Armament Scandals

Justice Minister Stavros Kontonis announced on Friday, that an amount of 4.3 million euros has been deposited in a special account opened at the Bank of Greece for the Greek government, involving armament matters. The corruption investigators had...

Lavrentiadis Released on 500,000 Euro Bail

Lavrentis Lavrentiadis, remanded in custody for the Proton Bank scandal in Greece, was released on a 500,000 euro bail.  He was accused of money laundering and the embezzlement of 701 million euro from Proton Bank through unsecured loans to...

Greece's Rich Plundered Banks

The head a Greek unit investigating money-laundering told Parliament that connected Greek businessmen have been using five banks in elaborate scheme to essentially steal a billion euros of depositors’ money while being protected by politicians he didn't name. Panayiotis Nikoloudis,...

100 Million Euro Bail Set for Lavrentiadis

Lavrentis Lavrentiadis, former CEO of Proton Bank was proposed a mammoth bail of 100 million euros by the prosecutor in charge of the case concerning Proton Bank’s unsecured loans, in order to be released from jail. The prosecutor proposed to...

From Greek Media Magnates to Psych Ward Roomies

The psychiatric ward of the Greek Korydallos prison in Athens is not exactly the ideal place for business meetings of media owners. However, this depressing environment holds three of the once most powerful Greek media magnates, Lavrentis Lavrentiadis, Michalis...

Get Your Greek Arrest Scorecard Right Here!

Ho-hum, another day in Greece, another arrest. A hundred here and a hundred there and pretty soon you're talking real numbers. A quick calculation shows that at this rate, the government will have arrested every person in the country...

Greek Scandal Bank Ex-Chief Caught in Turkey

As a probe into bad loans given out by the state-run Hellenic Postbank (TT) has allegedly discovered a widespread ring of officials handing out money to businessmen who pocketed it, the institution's former President,  Angelos Filippides was arrested in...

Lavrentiadis Arrest Seen Turning Point

With pressure building on Athens to crack down on still-rampant corruption, the government has charged a banker whose small, private institution was found to have made as much as 700 million euros in bad loans with a criminal gang. Lavrentis...

Lavrentiadis Heading for Jail on Bank Charges

Prominent Greek businessman Lavrentis Lavrentiadis, who was taken to a psychiatric hospital following his arrest on charges of money-laundering, fraud and being part of a criminal gang while the major shareholder of Proton Bank, will be jailed pending his...

Lavrentiadis Hospitalized, 17 Arrested In Bank Scandal

Prominent Greek businessman Lavrentis Lavrentiadis, who was arrested on Dec. 13 over his alleged involvement in a scandal involving the Proton Bank, in which he was the major shareholder, was taken to a psychiatric hospital on Dec. 14 as...