State to ben­e­fit from seized as­sets

Draft bill fore­sees con­fis­ca­tion of prop­erty and de­posits in cor­rup­tion cases

Kathimerini English - - Front Page -

Money or as­sets frozen or con­fis­cated by ju­di­cial au­thor­i­ties in con­nec­tion with fi­nan­cial crimes and cases of state cor­rup­tion will au­to­mat­i­cally go into state cof­fers, ac­cord­ing to a bill that will soon be tabled in Par­lia­ment by the Greek gov­ern­ment, Kathimerini un­der­stands. The draft leg­is­la­tion, which has been drafted by Jus­tice Min­is­ter Har­alam­bos Athana­siou, con- cerns as­sets de­rived from tax eva­sion, in­ac­cu­rate dec­la­ra­tion of prop­erty as­sets, money laun­der­ing and smug­gling. The money is to be placed in a spe­cial ac­count con­trolled by the state. Gov­ern­ment of­fi­cials pre­dict that the mea­sures will bring about 800 mil­lion eu­ros in rev­enues into the coun­try’s cash-strapped cof­fers. Au­thor­i­ties have al­ready seized about 160 mil­lion eu­ros in as­sets be­long­ing to busi­ness­man Lavren­tis Lavren­tiadis, the prin­ci­pal share­holder of Pro­ton Bank which failed be­cause of bad loans, and an ad­di­tional 40 mil­lion eu­ros that be­longed to other sus­pects im­pli­cated in the em­bez­zle­ment scan­dal. Another 240 mil­lion eu­ros has been frozen in the ac­counts of al­ter­na­tive en­ergy sup­pli­ers En- erga and Hel­las Power, which had their li­cences re­voked over un­paid debts. Large amounts of money as well as prop­er­ties have been seized in con­nec­tion with the arms pro­cure­ments scan­dals. Mean­while, the bill fore­sees that if a sus­pect or con­vict in­forms investigators of a se­cret bank ac­count with il­le­gally ac­quired as­sets, they will get re­duced jail time for their of­fense.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.