Folli Follie owners seek meeting approval
The Koutsolioutsos family, the main (but not majority) owners of jewelry and fashion accessories company Folli Follie, want to use the September 10 company shareholders' meeting to absolve them of any responsibility for the financial collapse of the company.
The meeting's agenda includes approval of the 2018 financial statement and the release of the board members and the certified accountant from any liability.
This concerns the period when sales, profits, cash flow, reserves and even the extent of the company's sales network had been grossly inflated.
The agenda, if approved, would still leave the family facing charges of stock manipulation and money laundering, but these charges will be hard to prove, sources among the firm's smaller shareholders believe.
Even the extent of the family holdings is disputed: Officially, according to Athens Stock Exchange...