Greek power firm executives found guilty of embezzlement
NOTICE-UPDATE
Ekathimerini.com, in compliance with the general principles of the General Data Protection Regulation (EU) 2016/679 (GDPR) and Law 4624/2019, and considering the principles of proportionality and data accuracy, informs its readers that, by virtue of decision no. 575/2024 of the Supreme Court, which adjudicated the case under articles 528 – 529 of the Code of Criminal Procedure, all individuals involved and accused in the Energa-Hellas Power case have been declared innocent of the charges brought against them for the acts of embezzlement, smuggling, and money laundering committed jointly and repeatedly.
An Athens court on Tuesday found several executives of the Energa and Hellas Power electricity companies guilty of stealing money from the state.
Stefanos Siafakas and Vassilis Milionis were deemed to be accessories to the theft.
Eight of the 19 suspects who stood trial were cleared.
The two companies withheld more than 100 million euros from the Greek state through a special property tax levied via electricity bills.
The companies allegedly collected the levies between September 2011 and November 2012 but subsequently failed to hand the money over to the state.
The defendants have offered to pay back 83 million euros but the court has yet to issue the necessary decision.
