Greek businessman Kyriakos Mamidakis has killed himself, nearly a month after filing for bankruptcy, local and Bulgarian media report. Mamidakis, 84, was chairman of the board of Mamidoil-Jetoil Greek Petroleum SA, which operates 600 gas stations in Greece and across the Balkans, Bulgaria included. His company owed creditors EUR 314 M at the end of 2015 while having cash reserves to the tune of EUR 0.6 M, according to Kathimerini. He was also involved in other businesses such hotel management, shipping, and olive oil and wine production. The lifeless body of Mamidakis was found on Sunday afternoon with a pistol next to it, with police saying there were no signs of violence. In Macedonia, he was involved in the privatization of OKTA, the only local refinery, and in 2001 Cyprus-based company ELPET Balkaniki (which acquired OKTA) took him and the state itself to court, alleging the defendants had concealed a contract binding on OKTA to only receive crude from Mamidoil-Jetoil over ten years.
 |
| READ THE ORIGINAL POST AT www.novinite.com |
