Embezzlement

An Istanbul court made a decision May 13 on the German-linked Deniz Feneri (Lighthouse e.V.) charity embezzlement case to either acquit the suspects involved in the case, or drop the case entirely due to a lapse of time.  

Six doctors at the general hospital on Samos, and a former top manager of the institution, are to face charges of graft, embezzlement of state funds and tax evasion after an investigation by the Financial Police indicated a discrepancy of 2.7 million euros between the collective income they declared to the authorities in the period 2005 to 2011 and the total level of deposits in their bank acco

Seven suspects have been arrested on suspicion of running a ring that issued fake disability certificates, allowing their clients to cash an estimated 700,000 euros in illegal benefits, police said Monday.

The DIICOT (Directorate for Investigating Organised Crime and Terrorism) prosecutors on Monday conducted 31 home searches in Ilfov and Arad counties and in Bucharest municipality, in an action aimed at dismantling an organised criminal ring that was seeking to embezzle large sums of money from SIF Banat-Crisana and SIF Muntenia SA Bucharest.

Lighter sentences sought in Greece corruption cases

The efforts coincide with government calls for lesser sentences but bigger fines.

Some of Greece's most notorious officials imprisoned for embezzlement and theft are looking to the courts to get lighter sentences as the government continues efforts to fight massive corruption, experts said.

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BGN 206 M missing at Bulgaria's CorpBank were not carried out of the bank in cash in the past weeks as previously thought, Sofia Prosecutor's Office announced.

Results from the investigation so far show the money was embezzled over a period of three years, with fake documents allegedly created by Corporate Commercial Bank (KTB) high-profile employees to cover up the wrongdoing.

Former Thessaloniki Mayor Vassilis Papageorgopoulos had his life sentence for embezzlement reduced on Monday to a maximum sentence of 20 years by a court in the northern city.

Thessaloniki’s appeals court is expected to decide on July 14 whether to overturn the life sentence received by the city’s ex-mayor, Vassilis Papageorgopoulos, for embezzlement.

Wednesday was the 53rd day of the appeal hearing.

Papageorgopoulos denies that he was responsible for the embezzlement of 17.9 million euros from the municipality’s coffers.

A prosecutor has proposed that Lavrentis Lavrentiadis, the former major stakeholder in Proton Bank who is in custody pending trial for embezzlement, be confined to his home after his 18-month maximum detention period ends this month.

The verdict of Bulgaria's former Interior Minister Tsvetan Tsvetanov, who is being tried for embezzlement, will be announced on May 26, Monday.

The prosecuting authority pressed charges against Tsvetanov for large-scale embezzling to the tune of BGN 50 000 from the budget of the Interior Ministry.