BRIEF

Kathimerini English - - Focus -

The ver­dict of the Athens court that froze the ac­counts of Folli Fol­lie board mem­bers says that the first signs of in­cor­rect data emerged in 2001, while Al­varez & Marsal has found that em­ploy­ees in the group’s Asian sub­sidiaries reg­u­larly pro­duced fake doc­u­ments about de­posits at a ma­jor Greek bank to in­flate cash avail­abil­ity. du­bi­ous means, se­cur­ing a new place to call home far away from the place you stole from isn’t just ap­peal­ing, it’s sen­si­ble,” Naomi Hirst of rights group Global Wit­ness said. She said checks on in­di­vid­u­als that bought EU cit­i­zen­ship or res­i­dency per­mits were not sat­is­fac­tory and ex­posed coun­tries to cor­rup­tion and money laun­der­ing risks. The joint re­port by Global Wit­ness and Trans­parency In­ter­na­tional urged the Euro­pean Union to set stan­dards for man­ag­ing the schemes and to ex­tend anti-money laun­der­ing rules, ap­plied so far to banks or gam­ing firms, to all those in­volved in the visafor-sale in­dus­try. The Com­mis­sion will pub­lish a re­port on schemes in EU coun­tries by the end of the year, Com­mis­sioner Dim­itris Avramopou­los said yes­ter­day. He said the re­port would of­fer guid­ance to mem­ber-states on man­ag­ing the pro­grams, “in­clud­ing on nec­es­sary back­ground checks for ap­pli­cants.”

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