Two remanded in custody over social security fund scam

Two IKA social security employees facing charges for fraud and running a criminal organization, among others, were remanded in custody on Tuesday after testifying before corruption prosecutor Costas Sargiotis and assistant prosecutor Christina Salapa. Another 7 defendants were released.

According to reports, the two employees are believed to have used the IBAN numbers of accounts registered to relatives to make online deposits for medical expenses. They would then change the IBAN numbers in order to deposit the money into their own accounts.

According to the case file, authorities estimated that the scam cost the social security fund over 160,000 euros.