Search

Editors

Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

FCPA Blog Daily News

« Transparency International’s Annual Progress Report 2013: Assessing Country Enforcement of the OECD Anti-Bribery Convention | Main | Compliance officers can only succeed together »
Tuesday
Oct082013

Ex- Greek defense minister jailed 20 years

Greece's former defense minister was sentenced Monday to 20 years in jail for money laundering and taking kickbacks.

Akis Tsochatzopoulos, 74, took at least €55 million ($75 million) in bribes in the 1990s, the court in Athens found.

The statute of limitations had run on the corruption charges but he was convicted of money laundering.

The charges related to purchases of Russian TOR-M1 short-range missiles and German submarines from 1996 to 2001, while Tsochatzopoulos served as defense minister.

Sixteen of 18 other defendants were found guilty and sentenced to prison for six to 16 years, including Tsochatzopoulos's wife, daughter, ex-wife, and cousin.

The trial had lasted five months.

Tsochatzopoulos was derided by the Greek public for his spendthrift lifestyle during a deep recession and government austerity measures.

Before Monday's sentencing, Tsochatzopoulos had already been sentenced in March to eight years for hiding the purchase of a house near the Acropolis. Prosecutors said the property was one of several tied to the money laundering scheme.

______________

Richard L. Cassin is the Publisher and Editor of the FCPA Blog. He can be contacted here.