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Horiatiko: Bank accounts in Ireland & Denmark frozen; master-plan for money laundering

Greek authorities have requested the freezing of two bank accounts in Ireland and Denmark as part of the tax fraud investigation against the “Horiatiko” bakery chain. While investigation into the mastermindly orchestrated fraud scheme continues, media report on Tuesday of involvement of numerous police officers who would brief the organization in advance before authorities raids […]

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“Greece welcomes participation of foreign institutions in its banking system,” says BoG governor

Greece’s central bank sees the further participation of foreign financial institutions in the share capital of Greek banks as absolutely desirable, Bank of Greece governor Yannis Stournaras said in statements to the German newspaper “Handelsblatt” on Monday. He noted that further participation of global financial institutions on the path toward a European banking union would […]

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