Friday, July 25, 2014   

Former Hellenic Postbank chief in court
(02-10 18:04)

The former head of a Greek bank at the center of a criminal investigation into allegedly unsecured loans is appearing in court.
Angelos Filippidis, Hellenic Postbank's CEO from 2007 to 2010, appeared before a prosecutor Monday. He has been in custody since returning last week from Turkey, where he had been held for more than three weeks pending a Greek request for extradition.
The extradition request was rejected and Filippidis returned to Athens after his release.
He denies any wrongdoing.
About 30 former Postbank officials and businessmen face criminal charges, including fraud and money laundering, over loans which prosecutors say resulted in losses of 500 million euros for the bank.
Hellenic Postbank merged last year with Greece's Eurobank under a program restructuring the financially struggling country's banking sector. --AP   
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