03 Dec COURT OF APPEAL ATHENS CLEARS FORMER SAIC AND SIEMENS TOP EXECUTIVES FROM BRIBERY AND MONEY LAUNDERING CHARGES
On November 25, 2020 the Court of Appeal Athens sitting as a first instance court handed down an acquittal judgment in a highly publicised case involving former SAIC and Siemens top executives as well as Hellenic Police and Hellenic Army officers after a lengthy trial hearing which started in October 2018.
The indictment alleged that U.S. company SAIC and its sub-contractor Siemens Hellas were involved in a bribery and money laundering scheme in connection with a highly sophisticated security system named ‘C4i’ (Command, Control, Coordination, Communication & Intelligence), which had been developed for the Athens 2004 Olympics.
The Court unanimously acquitted all defendants ruling that it found no evidence of the alleged bribery scheme.
Ilias Anagnostopoulos and Ioannis Tsakalis advised and represented a former Siemens executive throughout the lengthy trial.