Former Hellenic Postbank CEO arrested in Athens

AP News
Posted: Feb 05, 2014 4:21 AM
Former Hellenic Postbank CEO arrested in Athens

ATHENS, Greece (AP) — The former head of a Greek bank at the heart of a criminal investigation into allegedly unsecured loans has been taken into custody after his return from neighboring Turkey.

Angelos Filippidis, Hellenic Postbank's CEO from 2007 to 2010, was arrested at Athens airport early Wednesday. He had been held for more than three weeks in Turkey pending a Greek request for extradition that was rejected Tuesday.

Filippidis denies wrongdoing, and told reporters Wednesday that he had willingly returned to Greece.

About 30 former Hellenic Postbank officials and businessmen face criminal charges, including fraud and money laundering, over the loans, which prosecutors say resulted in 500 million-euro losses for the bank.

Hellenic Postbank was merged last year with Greece's Eurobank under a program to restructure the financially struggling country's banking sector.