DESFA head ‘hiked lump sum pay­out’

Kathimerini English - - Focus -

It ap­pears that the for­mer head of gas grid op­er­a­tor DESFA, Sotiris Nikas, granted him­self a pro­mo­tion that boosted his re­tire­ment lump sum by 100,000 eu­ros to 258,000 eu­ros, ac­cord­ing to a ques­tion tabled in Par­lia­ment by New Democ­racy deputy Con­stanti­nos Skrekas, who is a for­mer de­vel­op­ment min­is­ter.

Up un­til Novem­ber 11, Nikas had been em­ployed as a di­rec­tor. “Then, tak­ing ad­van­tage of the power his po­si­tion en­tailed, he pro­moted him­self two lev­els to di­rec­tor gen­eral and into the top salary ech­e­lon,” Skrekas wrote in his ques­tion.

Nikas re­tired af­ter just a few days in that po­si­tion, but it was enough time to see his lump sum soar by 100,000 to 258,000 eu­ros, the ND deputy added.

The sit­u­a­tion is com­pli­cated fur­ther by the fact that, ac­cord­ing to Skrekas, a few days be­fore his up­grade Nikas re­ceived the au­tho­riza­tion to ap­prove the trans­fer of 10 mil­lion eu­ros from the cor­po­ra­tion’s re­serves to the ac­count of an in­sur­ance com­pany, pro­tect­ing his lump sum and pos­si­bly that of other DESFA of­fi­cials from a pos­si­ble bank bail-in.

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