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Proton Bank

Lawyers' Strike Deemed Illegal by Top Greek Court

Greece's Council of State, it's top administrative court, decided that the Greek lawyers strike that started on January 12 is illegal and in violation of the Greek constitution and international law. The lawyers' strike brought Greek courts to a...

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,...

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...

Greece Will Sell Troubled Proton, Postbank

Two of Greece's shakiest banks, Hellenic Postbank and Proton, will have to be sold by mid-July as the  country's largest banks continue gobbling up smaller institutions as part of plans to help the beleaguered economy begin to recover, envoys...

Pontiki Publisher Uses Stay-Out-Jail-Card

The publisher of a satirical magazine that pokes fun at government officials and scandals has avoided prosecution on charges of receiving a 500,000 euros ($654,700) payment from a businessman whose bank accounts in Greece were frozen has avoided prosecution...

Greek Drug CFO Arrested in Bank Probe

The scandal of the failed Proton Bank that has led to fraud and embezzlement charges being filed against its former main shareholder and 30 others has grown with the arrest of the Chief Financial Officer of one of Greece’s...

Proton Loans Traced to Lavrentiadis

Prosecutors have reportedly found that more than 10 companies set up with minimal capital received millions of euros in loans from Proton Bank that later came under the control of its main shareholder, Lavrentis Lavrentiadis, who has been charged...

Claiming He's Ill, Jailed Greek Banker Seeks Bail

Business executive and former banking chief Lavrentis Lavrentiadis, saying he was too ill to remain in jail, has filed a request with the special magistrate probing his case file asking to be released on bail. Details of his condition were...

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...

Greece With List of 400 London Buyers

With Greek prosecutors already scouring a list of 33 politicians to determine how they obtained their wealth, the government now is probing names on another list – this one of some 400 Greeks who’ve bought luxury homes in London,...