Thursday, April 12, 2012


Tsochatzopoulos flanked by plain-clothes police yesterday

Tsochatzopoulos and family also face tax, money-laundering charges

Elections put back a week to May 6th

Earlier this year with the help of guidance and documents supplied by Athenian contacts, The Slog posted extensively about graft in Greek government circles, and specifically the corrupt purchase of two submarines from Germany.

In that article, I alleged ‘But it is the now even more heavily burdened taxpayers of Greece who are paying the price for this crude rip-off. Most of the perpetrators are doing very nicely thank you. For example, Ferrostaal worked with Yannis Beltsios and paid him €1 million because Greek Defence Minister Akis Tsohatzopolous instructed them to…’

Yesterday [Wednesday] Akis Tsochatzopoulos was arrested by police, and charged with money-laundering in relation to submarine purchases. Yesterday morning, an unmarked police car pulled up outside the luxury home of the former minister – a dwelling  his wife bought for cash some years ago for more than 1 million euros…..from an offshore company. The house, which is on the Dionysiou Areopagitou walkway in one of Greece’s most expensive residential areas, has been more