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Monday, March 9, 2015

Siemens Bribery Scandal: 64 Suspects Referred to Trial

Michalis Christoforakos is among the 64 people who are summoned to appear before an Appeals Court, accused of being involved in the bribery scandal between Siemens and Greek state-owned telecommunications company OTE that rocked Greece nearly ten years ago. The 64 suspects face criminal charges of active and passive bribery, money laundering, as well as illicit payments for contracts signed between the colossal German company and OTE. They are summoned to appear before a Greek Appeals Court, accused of being involved in a contract, known as the “8002 agreement,” which concerns supplying telecommunications equipment to digitize OTE’s network for €464.5 million. The 64 suspects list to face trial includes Theodoros Tsoukatos, an associate of former Greek Prime Minister Costas Simitis. Other defendants include former executive officers of Siemens in Greece Christos Karavelas, Ilias Georgiou, Prodromos Mavridis, 13 former officers of Siemens in Germany, as well as former executive officers of OTE.


READ THE ORIGINAL POST AT greece.greekreporter.com