Swiss authorities have apparently frozen three bank accounts of the former head of private Greek bank Proton Lavrentis Lavrentiadis. He is under investigation by Greek prosecutors for alleged fraud, embezzlement and corruption involving up to 700 million euros. On his part Lavrentiadis vigorously denies the allegations and has accused the authorities of acting illegally.
Meanwhile, a Swiss banking source confirmed Swiss and German newspaper reports that Greek authorities had requested the blocking of accounts holding up to 160 million euros. A euronews report said that a spokeswoman at the Swiss Department of Justice and Police of Switzerland would not comment in principle on a provisional remedy in connection with criminal proceedings.
A separate investigation, signed by a senior prosecutor who heads the country’s money laundering authority, found that Lavrentiadis had with others “formed a criminal team” that embezzled up to 51 million euros from the bank. It alleged loans made to dormant companies had been wired from Proton to another bank, the Piraeus Bank, and then withdrawn by an employee in bags of cash.
On Saturday a report on ALPHA tv said that Lavrentiadis is also suspected of moving more than one billion euros out of Greece into an overseas bank, an amount that is equivalent to the recent housing tax that was recently implemented on Greek all households. Of course there was no mention about the subsidies he had received (and suspiciously abused) for the ENKLO Company (or the United textiles Co) and there certainly wasn't any word about the mysterious dealings at PROTON BANK, where he had appointed a former U.S. ambassador as Chairman.
If you want to learn more about this case, then please click here
SPECIAL REPORT - Controversial Sale Of Planes Tied To Money Laundering
Venizelos Cornered by Greek Journalist on Proton Bank Scandal (VIDEO)
Posts
