Greece: 25 Charged Over Bank Business Loans
Greek authorities have charged 25 people and arrested three following an
investigation into allegedly inadequately secured loans from the former
Hellenic Postbank to local businessmen.
Judicial officials said Thursday two former bank officials and the owner
of private Alpha TV station have been arrested on criminal charges
including fraud and money laundering.
A total 25 people — including former top bank executives — have been
charged over the loans, which allegedly resulted in 500 million-euro
losses for the Greek bank.
Hellenic Postbank was merged last year with Greece's Eurobank under a
program to restructure the financially struggling country's banking
sector.
Police said the arrests were made late Wednesday. The media owner was
not taken into custody as he was undergoing treatment in a hospital
where he remains under guard.
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