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Possibility of Vgenopoulos’ arrest examined

09/09/2015 10:28
The possibility of arresting the former President of Laiki Bank Andreas Vgenopoulos and former CEO Efthimios Bouloutas, is included in the scenarios considered by the Legal Service.

The two former top executives of CPB refused to testify before the investigating authorities in Greece, as they have made a request to the board of appeals for a non-execution of the legal assistance of the Cypriot Republic.

The team of investigators of the Police Headquarters which investigates cases in relation to economic crime returns tonight in Nicosia without the testimonies of the two former executives of Laiki Bank.

The legal service, according to StockWatch information, is considering various alternative options. One of the options of the prosecution authorities of the Republic is the registration of the case directly to court without the testimonies of Vgenopoulos and Bouloutas.

Moreover, the legal service in cooperation with the investigators of the police headquarters is considering the possibility to proceed to the issuance of an arrest warrant, in the event that the board of appeals satisfies the request of the two former executives.

Yesterday two other executives of the senior management of former Laiki Bank were invited for questioning while two more people are expected to be invited today.

Government spokesman Nikos Christodoulides, who was called yesterday to comment on the relapse regarding Vgenopoulos and Bouloutas stated that, "it is a temporary situation which is expected to clear up soon. The legal service is closely monitoring the issue and will take very specific measures depending on the developments. "

The SEC imposed heavy administrative fines in June 2014 for the manipulation of the Greek bonds market by the Bank of Cyprus and Laiki.

A fine of € 705 thousand was imposed to each of the former officials of Laiki Bank, Andreas Vgenopoulos and Efthimios Bouloutas.