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Angelos Filipidis, the former president of TT Hellenic Postbank, who is accused of granting 300 million euro in non-repayable loans within one year, is already in the hands of the Greek justice. Shortly after 9:00 am today, Filipidis landed at Athens airport "Eleftherios Venizelos" with a flight of Turkish Airlines. Two international warrants for search and arrest have been issued for him. Ten days ago, he was discovered in Turkey and the authorities there detained him in Maltepe prison. According to the authorities in Turkey, however, both arrest warrants are not valid and they released him last night.

The former president of TT Hellenic Postbank told the Turkish authorities that he was the victim of political persecution in Greece, as he was a close friend of former Prime Minister Costas Karamanlis. Through his lawyer Athanasios Varlamis, he had promised he would voluntarily return to Greece immediately after being released from prison. "We do what we promised," was the brief comment of the lawyer when his client was entering the building of the general directorate of the Greek Police on "Alexandras" avenue in Athens.
 
TT Hellenic Postbank is the third largest Greek bank that has collapsed under the burden of bad management.  Before that, the public opinion was affected by the truth about Proton Bank of businessman Laurentios Laurentiadis and the Agricultural Bank of Greece. The bad loans granted are emerging as one of the most serious problems of the Greek banking system. At the end of the week, it became clear that Greece's largest bank, the National Bank of Greece, had proceeded to the formation of a bad bank too.