Monday, October 26, 2020

Money Laundering Probe of Greek Ex-Premier Simitis Closed

-

Money-laundering charges he said were politically driven have been dropped against former Prime Minister and then-PASOK Socialist leader Costas Simitis.

Greece’s anti-money-laundering authorities set aside the case that started when the government asked for the opening of bank accounts belonging to Simitis and members of his family and former government officials.

Simitis had described the allegations – which also implicated his brother, Spyros Simitis, as well as former public order minister Michalis Chrysochoidis and his deputy Vangelis Malesios – as “slanderous.”

The probe began after press reports from the testimony of a French citizen in 2006 relating to Greece’s upgrade of navy frigate and as part of the scrutiny into the acquisition of a C4I security system for the 2004 Athens Olympics.

- Advertisement -

Read MoreGreece’s Ex-Minister Papantoniou to Testify on Money Laundering

It began in November 2018 and a furious Simitis responded immediately that, “personal attacks can’t touch me,” and denounced the investigation.

“It is dangerous for the public life of the country to be dragged into the mud while we are still in a crisis,” he said then of Greece’s economic and austerity crisis that began in 2010 and is winding down.

With Prime Minister Alexis Tsipras falling in polls then after reneging on anti-austerity promises and Alternate Health Minister Pavlos Polakis said SYRIZA’s chances of returning to power depended partly on putting political rivals in jail, Simitis said that “The obligation of governors is to come up with policies for the future and not mud about the past.”

- Advertisement -

Simitis, who ruled from 1996-2004, said last year that he has “nothing to hide,” and that the allegations in the Ta Nea daily newspaper were “scandalous,” and that he would respond in full after finding out “who is behind them.”

He also added that “History is not written by the transient holders of executive power,” in another shot at the government.

MUST READ

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Mozambique seeks prosecution of ex-Credit Suisse bankers implicated in debt scandal

Mozambique's Attorney General's Office said on Wednesday it will seek the extradition of three former Credit Suisse CSGN.S bankers implicated in a $2 billion debt scandal...

Judge orders billionaire Greg Lindberg to report to prison after conviction for bribery

Try as he might to extend his freedom, Durham businessman and convicted felon Greg Lindberg will become a federal inmate on Tuesday. Lindberg, the billionaire...

Former Blue Bell Creameries CEO indicted for fraud linked to 2015 listeria outbreak

The former president and CEO of Blue Bell Creameries L.P., a Texas ice cream company, was indicted Tuesday on wire fraud charges in connection with a scheme...

Trial of bitcoin launderer Alexander Vinnik begins in Paris

The trial of a Russian man alleged to have used ransomware in a 135 million euros ($157 million) bitcoin fraud will begin Monday. Alexander Vinnik, who...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks