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Greek media businessman arrested for owing €9 million to social insurance fund

A mounting debt of 9 million euro to Greece’s biggest insurance fund IKA  led to the arrest of businessman Andreas Kouris, head of Real Media company the publishes a newspaper and has a radio station. The arrest is due to older debts of television channel ALTER that closed two years ago and Kontra channel which is still on air.

“Police on Thursday arrested Andreas Kouris, president of Real Media SA, on charges of owing to the state, Skai reported.

The 41-year-old businessman was being charged with owing public security fund IKA the sum of 9,171,000 euros for television stations ALTER and Kontra Channel.

The 41-year-old businessman was expected to face a public prosecutor later in the day.” (ekathimerini)

Andreas Kouris twitted that he was never the legal representative nor member of the board of ALTER TV. Andreas Kouris is the son of Giorgos Kouris, owner of several newspapers and television channels.

Whether Kouris was the legal responsible or not, whether he was arrested by mistake or not, point is the company management was not paying social insurance and health care contributions to IKA, while employees were thinking everything was alright with their pensions contributions…

PS How do they do it? To have debts and start new companies? While the average John Greek can get scr–ed for the rest of his business life even for a debt of less than 10,000 euro?



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  1. One good thing from this crisis is the continued exposure of the rot inside the system. This needed to happen, we could not continue to be blinkered…this is governmental corruption ruining Greece over the last 40 years.
    Hopefully the younger generation will fix the sh** that the older generations left for them. These politicians, ‘business men’, government employees know who they are but have no shame at all!! and it seems they will have no punishment…no gaol/jail time and no permanent seizure of assets. The justice system is corrupt or impotent.
    Perhaps I should calm down now with a cup of tea and leftover Christmas cake…

  2. keeptalkinggreece

    you’ve been reading my thoughts, Elizabeth. I had a cup of tea and the fore-last piece of Christmas cake. Thank God, it was Xmas and we still can comfortly calm down our nerves.
    In times outside Xmas I hardly have cookies, cakes and sweets at home lol