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Friday, March 27, 2015

Thirty-two Indicted Over Kickbacks for German Submarines Contract

HS Papanikolis (S120)Another 32 individuals were indicted to stand trial before a Criminal Appeals Court on Thursday for kickbacks given in exchange for Greek Defense Ministry contracts.

The case, concerning a deal for the purchase of German submarines, was uncovered during a major and ongoing corruption investigation into the period when the now jailed Greek former Minister Akis Tsochatzopoulos was at the helm of the Defense Ministry.

The indictment relates to illegal and non-transparent payments made for the purchase of submarines by the Hellenic Navy in contracts signed between the Defense Ministry and German firm HDW-Ferrostaal.

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