Raid on ex-UBS banker ‘part of tax clampdown’
A police raid on the home of a former UBS banker earlier this month was part of a campaign to bring those accused of tax fraud to “justice,” the government said yesterday. “This is one more case where Greek authorities acted methodically and efficiently to hand out justice,” government spokeswoman Olga Gerovasili said in a statement. The Financial Times revealed yesterday that on July 4 authorities raided the home of former UBS head of investment banking in Greece, Christos Sclavounis, removing computers, documents and disks. Sclavounis in 2013 was appointed to head Greece’s bank rescue fund, but resigned in 2015, two months after left-wing Prime Minister Alexis Tsipras first came to power pledging to crack down on endemic tax evasion in Greece. “The country and its citizens cannot perpetually be held hostage by corruption,” Gerovasili said. In December, financial prosecutors had also raided the investment bank’s headquarters in Athens.
A record number of 6.07 million individual income tax statements were submitted by Monday’s deadline, beating last year’s figure by over 70,000 declarations, the final count by the Finance Ministry showed yesterday. Corporations have until Monday, July 25, to submit their statements. ago, in view of the domino of business shutdowns in recent months. “We continue to witness tragic developments among businesses and honorable entrepreneurs who are unable to meet their obligations due to the continuing recession and the general and indiscriminate penalization of businesspeople and bank officials for decisions regarding loan issues and debt arrangements,” said the statement released by the chamber. “To avoid any further adverse situations, the American-Hellenic Chamber is calling on all parties involved, particularly so the government and the public administration which legislate, to proceed immediately to the necessary regulation that will rapidly restore the regulatory frame-