Former Hellenic Postbank CEO released on unprecedented 2 million euro bail

Written by on February 11, 2014 in Europe - No comments

Former Hellenic Postbank chief Angelos Filippides was released on bail on February 10 2014 after being ordered to pay two million euro.

The former CEO was held in custody having allegedly approved unsecured loans between 2007 and 2010 that prosecutors say resulted in losses of 500 million euro for the Postbank.

He was also banned from leaving the country and ordered to appear regularly at his local police station.

Fillipides returned last week from Turkey, where he had been held for more than three weeks pending a Greek request for extradition.

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