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Wednesday, May 04, 2011

Germans admit bribes for subs

Akis TsochatzopoulosAt least 120 million euros was paid in bribes by the German firm that struck a deal with the Greek government for the sale of four navy submarines, according to German court documents seen by Kathimerini.

The parliamentary committee that will investigate the deal, and particularly the role of former Defense Minister Akis Tsochatzopoulos, met for the first time on Tuesday, as more details emerged about the alleged corruption involved in the agreement.

Two former executives of Ferrostaal, the Germany firm that was part of the consortium which won the contract, gave depositions in Munich concerning the kickbacks paid to secure the deal, which was worth just over 1.2 billion euros.

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