18 August 2018

11 Attika Bank executives released with no legal restrictions

20 September 17 - RE+D Magazine
11 Attika Bank executives released with no legal restrictions



Consultant - GREECE

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE


Public entity - GREECE


Antulio Richetta

Director IBI Group
Eleven members of Attica Bank’s advertising committee were allowed to leave without restrictive measures on Tuesday after appearing before a corruption investigative judge to respond to breach of trust charges.


The case concerns the approval of ad placements in printed and online media linked to the now-deceased publisher of “Acropolis” newspaper Panagiotis Mavrikos, for sums that were judged as "disproportionately high" in relation to their circulation and traffic.

A former senior official of Athens water utility EYDAP, who faced the same charges, was also allowed to walk free after responding to questions on the case.

The crime was reportedly committed between 2013 and 2015 and resulted in losses totaling 250,000 euros for EYDAP and about 380,000 euros for the bank.

The case will be sent to the Appeals Council which will decide whether to refer the twelve suspects to trial for breach of trust.


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