Business | Daily | Tourist
INFORMATION SERVICES

ATHENS – A former Greek defense secretary official whose job entailed procuring contracts and arms, and who was caught up in a bribery scandal there, has been released on bail.

Spyros Travlos was the General Secretary for Procurements, serving under former defense secretary Yiannos Papantoniou, facing charges of other offenses related to his income.

Travlos was let out after appearing before magistrates Gavriil Mallis and Yiannis Stavropoulos, who are investigating allegations that Greek officials took bribes in order to agree to certain armaments purchases. Bail was set at 50,000 euros and he was asked not to flee the country.

The investigation concerns two contracts related to the purchase of German-made submarines by the Hellenic Navy and 310 million euros of offset measures were never carried out.

Travlos faces criminal charges for breach of faith during his tenure in 2003 that resulted in losses of some 60 million euros for the government. He is said to have overseen the signing of millions of euros’ worth of offsetting measures in the submarine deals.

Yiannis Beltsios, an associate of former Defense Minister Akis Tsochatzopoulos, and Sotiris Emmanouil, the former Chairman of Hellenic Shipyards at Skaramangas, are in pretrial detention over accusations of involvement in an corruption scandal connected to the purchase of four German submarines for the Greek navy in the last decade.

The post Former Defense Official Bailed in Scandal appeared first on The National Herald.

Source: The National Herald
Share it now!
More
Who We Are

GQS acts as an “information representative” providing a variety of accurate and authoritative analytics and responses About Greece. Our field of expertise ranges from simple Daily Life questions related to Tourism or the History of Greece, up to large Business related projects such as Economic Research, Human Resources Selection or Real Estate Services.

Find out more

Contact Us

Are you interested in obtaining any kind of information about Greece?

Let us help you!

If your requirements go beyond simple services and you want specialized information, you will receive a detailed email for any charges.

  • Weather

    Locations:
    Athens
    August 19, 2017, 5:54 pm
    Partly sunny
    Partly sunny
    35°C
    real feel: 35°C
    current pressure: 1010 mb
    humidity: 20%
    wind speed: 6 m/s N
    wind gusts: 12 m/s
    UV-Index: 1
    sunrise: 6:44 am
    sunset: 8:13 pm
     
  • Currency