Fraud

Bulgaria’s Specialized Criminal Court has released Hristo Hristov, Mayor of Varna’s Mladost residential district, on a bail of BGN 3000.

Hristov was arrested early on August 13 on suspicion of participating in real estate fraud schemes.

Police said on Wednesday that arrest warrants have been issued for two Athens lawyers, aged 31 and 32, who face multiple charges of fraud and forgery.

The pair are alleged to have extracted 25,000 euros from the owner of a company manufacturing refrigeration systems by convincing him that they could secure him a contract worth 10 million euros with a large bank.

The Financial Police said on Monday that they have uncovered a scam that defrauded the state out of 12.8 million euros.

A total of 18 people are suspected of helping companies avoid paying social security contributions for their employees. The suspects are aged between 22 and 67.

Technology is, among other things, is the number one enabler of transparency through the world. If you keep a record of everything in your databases there is no way but to go transparent.

That is why there is much legislation around the world making businesses to keep everything from emails to transactions for many years digitally.

Mobile phone users in Greece were advised on Friday to ignore a text message claiming they have won 850,000 pounds sterling.

The police’s Cyber Crime unit said that a message – reading “Your mobile number has won 850,000 British pounds in the ongoing Samsung promo. Visit and click on prize at the top of the menu. Your Samsung: 10965” – was fake.

Former Bank of Greece Governor Giorgos Provopoulos (photo) has been called by a prosecutor probing the sale of Proton Bank to Lavrentis Lavrentiadis to answer questions relating to the decision to approve the businessman’s takeover of the lender.

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.

Former World Bank economist Ashraf Ghani won Afghanistan's presidential election, according to preliminary results July 7, but his poll rival Abdullah Abdullah rejected the outcome as "a coup against the will of the people."

The Center for Prevention and Countering Corruption and Organized Crime is to be dissolved as an independent agency and to become a section at the Council of Ministers.

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.