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Friday, October 05, 2012

Former Defense Official Charged in Kickback Scheme

Papanikolis class submarineA former Greek defense ministry official who was a close associate of jailed former defense minister Akis Tsochatzopoulos has been arrested and charged in a kickback scheme tied to his former boss’ alleged money-laundering scheme that netted a reported $103.5 million in payoffs.

Reports said that Yiannis Sbokos, 61, who was general secretary responsible for armaments at the ministry from 1997–2000, was arrested at his office in central Athens, where police also seized a computer and then searched his home in Kifissia, a rich suburb in northern Athens. He was due to appear before a magistrate on Oct. 4.

Prosecutors said the file prepared against Sbokos shows he belongs to the group that handled and concealed huge amounts of money paid in kickbacks from the procurement of Russian-made Tor-M1 anti-aircraft missiles and the German-made 214-type submarines from the shipbuilder Howaldtswerke-Deutsche Werft (HDW).

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