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December 19, 2012

Proton Bank Scandal Defendants Remanded in Custody


Three defendants involved in the Proton Bank scandal were remanded in custody on Tuesday evening following their testimony the same day before the Second Special Investigator, while businessman Lavrentis Lavrentiadis, the bank's president, filed an application asking for his release from prison on health grounds. Lavrentiadis, who was transferred from the Evangelismos hospital to Korydallos prison on Monday, maintains that he cannot survive in a prison cell because of his serious health problems.

(lol)

According to reports, the three other defendants, facing serious charges in the case of bad loans issued in 2010 by Proton Bank to Lavrentiadis' privately-owned companies, deny their involvement in the case saying they had no knowledge of Lavrentiadis' activities, especially his association with the companies funded by Proton Bank.

In support of one of the three defendants, a known professor in Economics, thirteen Athens University professors singed a petition sent to the Special Investigator, expressing their "amazement" at the predicament of their colleague and the hope that he would soon be disassociated from the case.  The professor himself has handed the Investigator a memo, in which he is said to claim that he was a member of Proton Bank's board for four months, and that he left when he disagreed with Lavrentiadis' practices. (AMNA)