Ekaterini Koutsolioutsou

Greek jewelry maker Folli Follie appointed Nikolaos Kanellopoulos as its chairman on Monday to replace one of its founders who stepped down last month amid an investigation into the company's finances.

Folli Follie's chairman and vice-chairperson stepped down after a preliminary audit of the troubled jewellery maker revealed discrepancies in 2017 financial statements, Folli said on Wednesday.

The inspection by Alvarez & Marshall on the activity of troubled luxury jewelry maker and retailer Folli Follie in Asia last year has revealed huge discrepancies, Kathimerini understands, which led late on Tuesday to the resignation of company founders and leading executives Dimitris Koutsolioutsos and Ekaterini Koutsolioutsou.

After a marathon session late Tuesday, the board of directors of Folli Follie decided on the departure of Dimitris and Ekaterini Koutsolioutsou - founders, major shareholders and executive members of the company.