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National Bank-Alpha Bank: Prosecutor probes into possible stocks manipulation

A Greek high rank prosecutor ordered a preliminary investigation into the trading of stocks of the National Bank of Greece and the Alpha Bank. Greece’s  Capital Market Commission also ordered an investigation into the same affair, focusing on the period between February 8 and 21, beginning with National Bank’s first approach to Alpha for a takeover via confidential discussions.  

Indeed, according to the Commission, the price of Alpha shares and National Bank rose by 33 percent and 18 percent, respectively.   

The investigation includes possible use of “insider information”, which is a misdemeanour if the beneift arising is more than 100,000 euros.     

Source: Athens News Agency

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