Victor Restis faces new charges

Enterprises RestisAUGUST 1, 2013 — Greek media report that shipowner Victor Restis, who was remanded in custody last week (see earlier story) on charges of embezzlement and money laundering, will face a magistrate in Athens today to respond to questions about a second loan from First Business Bank, where he was Chairman, worth EUR 6 million that allegedly ended up in accounts belonging to his companies.

Last week, Mr. Restis denied he was the recipient of a EUR 5.8-million loan granted last year by FBB, and said that the money ended up in the account of an associate, who is being sought by authorities.

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