The first freezing of assets for huge accounts abroad

The first freezing of assets for huge accounts abroad

Athens, January 27, 2016/Independent Balkan News Agency

By Olga Mavrou

Greek authorities proceeded in the freezing of  the assets, real estate bills, and other securities of 24 citizens that were in the “Borjans list” (a list of names with significant bank accounts abroad, but with insignificant tax returns in Greece).

All of them are called to document the source of their income and the reason they didn’t declare it in their tax returns. If there is tax evasion documented they will have to pay at least 1/3 in taxes.

If they pay the taxes and the fines, they will escape the legal and the criminal entanglements. Otherwise (if they refuse to pay), they will have to prove the legitimacy of their assets and if they fail to do so, they will be prosecuted.