Four bank ex­ecs nabbed as usury gang mem­bers

Kathimerini English - - Front Page -

A money-lend­ing gang mas­ter­minded by a 63-year-old and in­clud­ing four bank ex­ec­u­tives, has been un­rav­eled by Greek po­lice, re­ports said yes­ter­day.

Ac­cord­ing to the in­ves­ti­ga­tion con­ducted by the Maroussi po­lice depart­ment in north­ern Athens, the gang would cash post-dated checks in ex­change for in­ter­est rang­ing from 5 to 20 per­cent. Au­thor­i­ties seized checks with a nom­i­nal value of more than 1.5 mil­lion euros.

At a press con­fer­ence, po­lice said the 63-year-old had been a loan shark for more than 30 years, with an ex­per­tise in cash­ing in post-dated checks.

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