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ATHENS – Greece’s gambling monopoly OPAP is being investigated after it was discovered a handful of betters were cleaning up and had won 27 million euros.

The Hellenic Gaming Commission has reportedly forwarded data regarding the possible abuse of profits from games of chance to the anti-money laundering authority and the Financial Crimes Squad.

The data, compiled by OPAP, showed that the gaming company issued thousands of certificates of gains from its games of chance last year, but the main interest is focused on 386 such certificates which add up to to 27 million euros, with each accounting for an average of 300 betting slips.

One very lucky better submitted 8,700 winning slips last year, meaning that he had 24 winning slips a day on average. It wasn’t explained how the apparent fix was made.

The gaming watchdog announced that the monitoring will now be extended to previous years, with sources telling Kathimerini it will go back a decade to identify big winners who will be asked to justify their winnings.

The investigation will center around whether money laundering was involved and if winning slips were bought from betters to cover incomes and if OPAP was unknowingly being used to do so. Much of the state’s stake in the operation was sold off as part of a privatization effort.

 

The post OPAP Probed For Money Laundering appeared first on The National Herald.

Source: The National Herald
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