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Athens Macedonian News Agency: News in English, 14-06-26
CONTENTS
[01] Appeals court orders Lavrentiadis' release on 500,000 euros bail
[01] Appeals court orders Lavrentiadis' release on 500,000 euros bail
ANA-MPA -- The Appeals Court's Council on Tuesday decided the release
under conditions and a bail of 500,000 euros of businessman Lavrentis
Lavrentiadis, jailed over bad loans by Proton Bank while he was in
charge of the bank.
The Council accepted the appeal of the businessman who completed 19
months in remand and over the last period has been held in the psychiatric
prison of Korydallos prison.
Lavrentiadis may be released even on Tuesday under conditions such as
banning of travel abroad and obligatory signing in at the local police
station on a regular basis.
Lavrentiadis is accused of embezzling 701 million euros from Proton Bank,
in connection with a series of risky loans approved when he was at its
helm, most of them to firms in which he had an interest.
He also stands accused of the attempted murder of a businessman and his
release on Tuesday was decided on the second set of charges, for which
he was also being held on remand.
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