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The Siemens case turns into legal catastrophe

18 August 2009 / 14:08:58  GRReporter
3961 reads

Munich Constitutional Court reached a decision regarding the extraditing of the former CEO of Siemens Hellas, Michalis Hristoforakos, to Athens. The court requested additional information and clarification from both parties concerning Greece's extradition request, following an appeal from Hristoforakos's attorneys. If the appeal is denied, transferring Hristoforakos from Germany to Greece becomes impossible.

Meanwhile, the Ministry of Justice announced that the case is a legal catastrophe and the trial is not going to take place in Munich but in Athens, predicting a fare lawsuit. The four policemen waiting to escort Michalis Hristoforakos to Athens are expecting permission to leave Germany.

Investigation on bribery scandal in the Munich concern Siemens began in 2006. Suspicious payments to the value of more than €1bil have been detected that have been mostly sent abroad and used for briberies.

Investigation development and prosecutor's findings speak of one of the largest corruption scandals in German company history. Michalis Hristoforakos is one of the defendants in the Siemens lawsuit conducted in Greece but has been hiding in Germany for months. Greek authorities have issued an international order for his arrest. After he was arrested in Germany, he went under trial in the local court for corruption and Munich Court of Appeals decided to transfer him to Athens. In front of the German court Hristoforakos said that the company has been financing the two biggest political parties in Greece- the governing New Democracy and the opposing PASOK.

Dilyana Ivanova

Tags: Siemens Hellas Michalis Hristoforakos Munich Court
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