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Athens News Agency: News in English, 10-11-15

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Siemens ex official involved in slush funds scandal flees Greece, investigation launched, Euro-warrant pending
  • [02] ASE opening: Rise

  • [01] Siemens ex official involved in slush funds scandal flees Greece, investigation launched, Euro-warrant pending

    ANA-MPa/An appeals court prosecutor on Monday launched an urgent preliminary examination after a former Siemens official who is a suspect in the Siemens slush funds affair has skipped the country in violation of the restrictive conditions of his release after testimony.

    An investigation has also been ordered by chief appeals prosecutor Yiannis Sakelakos into possible penal responsibilities by the authoritative state employees.

    According to a report, appearing in the German-based Der Spiegel, Volker Jung, a one-time head of Siemens AG's Communications unit who served as chairman of the Greek subsidiary's (Siemens Hellas) supervisory board from 1998-2003, fled Greece in the middle of last week from the island of Paros, where he was residing, and was currently in Munich.

    Jung was released on his own cognizance after testifying before an examining magistrate investigating the case in June 2009 and was banned from leaving the country, while also required to show up at the local police station on Paros the first week of every month.ana-mpa

    Jung had testified in early June 2009 before the examining magistrate investigating the case at the time, Nikos Zagorianos, on charges of complicity in bribery (in conjunction with Law 1608/50 on embezzlement of public money) and on money laundering (legitimisation of income from illegal activity).

    More details on the subscriber's page of APE-MPE | Subscription request form

    [02] ASE opening: Rise

    Equity prices were rising at the opening of trade on Monday on the Athens Stock Exchange (ASE), with the basic share price index up 0.60 percent, standing at 1,506.23 points at 11:00 am, and turnover at 11.111 million euros.

    Individual sector indices were moving upwards, with the biggest gains in Insurance, up 1.60 percent; Technology, up 1.51 percent, and Banks, up 4.47 percent.

    The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 0.51 percent, the FTSE/ASE MID 40 index was up 0.87 percent, and the FTSE/ASE-80 small cap index was up 0.48 percent.

    Of the stocks traded, 51 were up, 10 were down, and 18 were unchanged.

    More details on the subscriber's page of APE-MPE | Subscription request form


    Athens News Agency: News in English Directory - Previous Article - Next Article
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