The findings relate to an asset inspection covering 2021–23, the authority said. Its investigation into the Cretan olive-oil producer’s finances uncovered unexplained funds and movable property that could not be accounted for under declared income. Investigators also located eight vehicles, reportedly including a Jaguar, which the authority said will require forensic inspection.

The money-laundering authority has forwarded its file to the public prosecution service for possible offences relating to the failure to submit mandatory asset declarations, the statement added. A separate report will be sent to the Court of Auditors to assess potential fines and administrative sanctions.

The case figure known as ‘Frapé’ features in the extensive case file transmitted to Parliament in the wider probe into alleged subsidy fraud at the Greek Payment and Control Agency for Guidance and Guarantee Community Aids (OPEKEPE). Authorities say the OPEKEPE material has revealed a broad pattern of irregular subsidy claims and suspected organised wrongdoing.

All allegations in the money-laundering authority’s report remain subject to judicial examination. Those implicated are presumed innocent until proven guilty by the competent courts.

______________________________________________

Are you seeking news from Greece presented from a progressive, non-mainstream perspective? Subscribe monthly or annually to support TPP International in delivering independent reporting in English. Don’t let Greek progressive voices fade.

Make sure to reference “TPP International” and your order number as the reason for payment.