COURT OF APPEAL CLEARS FORMER CEO FROM MONEY LAUNDERING CHARGES

COURT OF APPEAL CLEARS FORMER CEO FROM MONEY LAUNDERING CHARGES

 

In a much noted judgment the Five-Member Court of Appeal Athens quashed on 14.4.2022 the conviction of Mr N, a former CEO with the Public Electricity Company, on charges of money laundering and bribery. According to a first instance court judgment, Mr N had received bribes to a Swiss account from a prominent Greek businessman in exchange for contracts. The Court of Appeal disagreed on legal grounds; it  threw out the CEO’s conviction to six years imprisonment and ordered the proceedings to be terminated.

Ilias Anagnostopoulos was defence counsel for Mr N at the appellate hearing.