Ex-in­surance boss faces judge

Kathimerini English - - Front Page -

Pav­los Pso­mi­adis, pres­i­dent of the de­funct Aspis Pro­nia life in­surance firm, went on trial on fraud and money-laun­der­ing charges yes­ter­day fol­low­ing his ar­rest late last year. He and his as­sis­tant An­dreas Loizos face charges of pro­vid­ing the com­pany’s cred­i­tors with a false 550-mil­lion-euro letter of guar­an­tee from a Bri­tish bank to keep the busi­ness afloat.

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