More Arrested Over Bribery & Kickbacks Claims In Arms Deals

Authorities arrested the former managing director of Skaramanga Shipyarads, Sotiris Emmanouil, as well as a former associate of ex-Defense Minister Akis Tsochatzopoulos, Yiannis Beltsios, on charges of accepting bribes and laundering money in connection to allegations of bribery for arms contracts.

The warrants for their arrest were issued after former Defense Ministry official Apostolos Kantas alleged during testimony that both men had received kickbacks in connection with a submarine deal.

According to allegations, Emmanouil received a 24 million Euro bribe to sign the controversial German submarine deal, while Beltsios is accused of money laundering (some refer to him as  Tsochatzopoulos' “treasurer”).