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January 22, 2014

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BUSTED - Former ABN-AMRO Workers Question SYRIZA MP's 1MLN Euro Retirement Bonus


Remember a story we had published here on HellasFrappe in December which exposed several SYRIZA MPs who have apparently invested in both JP Morgan and BlackRock (the bank of banks)? In that article we concentrated on the reports that were circulating in the Greek press about Mr. Dimitris Tsoukalas and which stated that he declared 1 million Euros in his annual "pothen esches" declaration. The so-called declarations of assets - or “pothen esches” -  report was published on the Parliament's website and some 694 politicians were obligated to publicize their assets for the period 2012.

From what he claims this money is from a retirement lump-sum (efapax) that he received when he retired from his duties as a bank worker and unionist.

In his statement, Tsoukalas said he had a total income of 840,831 Euros in 2012 as opposed to a sum of 529,538 Euros in 2011 and 102,670 Euros in 2010. The former president of the federation of bank employee unions (OTOE) who is also a former PASOK unionist, not only shocked us with the huge retirement sum he declared, but also because he openly admitted having ownership of 17 properties.

The story of how he received his retirement lump sum was not convincing to us, and we were not alone. According to a report on the Makeleio site, which was aired by the "Apokaliptiko Deltio" news show on Tuesday night it was revealed that Tsoukalas' peers have a slightly different story to tell.

(*The "Apokaliptiko Deltio" news show is broadcasted on EXTRA Channel).

The former employees of ABN-AMRO bank are curious to learn how Tsoukalas received this 1 million Euro bonus, since they are still battling it out in the court system to receive their own retirement bonuses that only range from 50-70, 000 Euros!

According to the workers, when the operation of ABN-AMRO fell to Aspis Bank in 2002, Dimitris Tsoukalas remained at the company which continued to operate autonomously in the sector of shipping. The employees, on the other, were dragged through the court system for 12 long years, and have yet to receive the retirement bonuses that are due to them from the specific retirement savings plan (which Tsoukalas apparently received his huge bonus from). How is it possible that 42 high ranking bank employees never received their retirement bonuses, and yet Tsoukalas received his?

The workers are curious to know how Tsoukalas, who was the president of their union (and supported by PASOK), managed to receive almost one million Euros without having to go through the same process as they have.

Tsoukalas claims that he never received any bonuses for his services as a unionist, but the workers are wondering where all the funds from their union disappeared to.

Here is the shocking testimony from a former ABN-AMRO bank employee:.

From what he claims this money is from a retirement lump-sum (efapax) that he received when he retired from his duties as a bank worker and unionist.

In his statement, Tsoukalas said he had a total income of 840,831 Euros in 2012 as opposed to a sum of 529,538 Euros in 2011 and 102,670 Euros in 2010. The former president of the federation of bank employee unions (OTOE) who is also a former PASOK unionist, not only shocked us with the huge retirement sum he declared, but also because he openly admitted having ownership of 17 properties.

The story of how he received his retirement lump sum was not convincing to us, and we were not alone. According to a report on the Makeleio site, which was aired by the "Apokaliptiko Deltio" news show on Tuesday night it was revealed that Tsoukalas' peers have a slightly different story to tell.

(*The "Apokaliptiko Deltio" news show is broadcasted on EXTRA Channel).

The former employees of ABN-AMRO bank are curious to learn how Tsoukalas received this 1 million Euro bonus, since they are still battling it out in the court system to receive their own retirement bonuses that only range from 50-70, 000 Euros!

According to the workers, when the operation of ABN-AMRO fell to Aspis Bank in 2002, Dimitris Tsoukalas remained at the company which continued to operate autonomously in the sector of shipping. The employees, on the other, were dragged through the court system for 12 long years, and have yet to receive the retirement bonuses that are due to them from the specific retirement savings plan (which Tsoukalas apparently received his huge bonus from). How is it possible that 42 high ranking bank employees never received their retirement bonuses, and yet Tsoukalas received his?

The workers are curious to know how Tsoukalas, who was the president of their union (and supported by PASOK), managed to receive almost one million Euros without having to go through the same process as they have.

Tsoukalas claims that he never received any bonuses for his services as a unionist, but the workers are wondering where all the funds from their union disappeared to.

Here is the shocking testimony from a former ABN-AMRO bank employee:
     "We have now taken the case to the (Greek) Supreme Court in an effort to get our money. We had three accountants who drew up different funds for us, and still nothing has happened."
A reporter then asks the same worker if the agreement that was signed by the bank workers differed from the one that Mr. Tsoukalas signed, and she said that that is what they are currently investigating. He then asked her if she believed that his bonus was calculated because of his position in the bank, but she shockingly revealed that Tsoukalas was a mere bank employee (and nothing more) and was only appointed as bank worker president!

Report begins at 53 minutes into the video!


(Certainly the report raises quite a few questions as to how Tsoukalas acquired this huge retirement bonus, since his former peers have yet to receive any money from their services at the same bank at all. But as we have often stated here at HellasFrappe when we hear the word PASOK we automatically know that it is tied to kickbacks, crime, bribes, money-laundering, etc. A plethora of members of this party, which governed this country for more than two decades, have already been implicated on such crimes. The thing that shocks us though about this case in particular is that Mr. Tsoukalas is anti-memorandum, and yet he worked for the banking system, and one of the most controversial banks of all. Another thing that is shocking is how all these former PASOK unionists have now silently moved over to SYRIZA's camp and act as if nothing is going on. Friends... When we head to the polls in the coming months and/or years, it would be good to conduct a research of each candidate because we could be getting one of the same. SYRIZA as a whole has too many mega-investors with right wing pockets within its ranks, and although this party hypocritically talks about feeding the poor and unprotected, their own members hold majority stakes in some of the mechanisms that brought Greece to its knees! In Greece we say the clothes do not make the priest -ta rasa den kanoun to papa- and in this case, former PASOK unionists who moved to SYRIZA and today sell progressive style philosophies to us should not be taken seriously. In fact, they should be signaled out and totally exposed!

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