Greek shipowner Restis arrested on money laundering charges


  • World
  • Wednesday, 24 Jul 2013

ATHENS (Reuters) - Greek shipowner Victor Restis was arrested on charges of money laundering and embezzlement on Tuesday, becoming one of just a few prominent businessmen to be detained by police since Greece sank into crisis.

Restis, who has a stake in Greece's top-selling newspaper and other media as well as his shipping fleet, is being investigated over bad loans of up to 500 million euros (429 million pounds) at FBBank, a troubled lender that was wound down this year, court officials said.

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