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Tag Archives: submarines

Submarine kickbacks: 21 defendants receive redeemable prison sentences

A three-member Appeal Court in Athens announced the penalties for 21 defendants who have been found guilty to be involved in the famous Greek-German scandal of Submarines kickbacks.  The court imposed prison sentences to 20 of the defendants as the 21st, a French-Swiss banker, is on the run. The former …

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Ex Defense Minister Tsochatzopoulos released from prison after 5 years

The five-member Court of Appeals for Felonies decided to release from prison former PASOK Defense Minister Akis Tsochatzopoulos due to health reasons.Akis Tsochatzopoulos was convicted to 20 years imprisonment for bribes and money laundering. Total time he spent in prison is five years. By a majority of three to two …

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German companies paid €62m in bribes for defense contracts

A new scandal alleging bribes totaling €62 million paid for armament contracts have been revealed by Deputy Defense Minister Nikos Toskas. The case involves two German companies, 12 Germans and unspecified number of Greek officials in the Defense Ministry.  Talking to To Kokkino FM on Friday, Toskas revealed that there …

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Ex Defense Minister Akis Tsochatzopoulos gets 20 years imprisonment

The judges spoke in the case Akis Tsochatzopoulos and the famous submarines bribes: the former Defense Minister of PASOK received a prison sentence of 20 years. The court imposed the highest sentence for money laundering cases. Tsochatzopoulos has to stay in prison at least seven years. He was arrested one …

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Independent: France and Germany to Blame for Greece Crisis

  As Greeks wait for a second eurozone rescue package to finally be agreed in Brussels today, many are blaming Germany and France for encouraging and benefiting from some of the much-criticised profligate spending which reduced Greece to near bankruptcy. Do France and Germany have a share on the Greek …

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Athens: People protest outside Ex Ministers’ House (pcts, video)

About 1,500 people gathered outside the house of former minister Akis Tsochatzopoulos and shouted slogans like  “Thieves, thieves!” and “Aki, bring the money back!”. The rest of the slogans were really …inspiring however  a translation would not bring the rhyme spirit into English. Some protesters left massages at the house entrance urging him …

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