Greek shipowner Restis held in custody on money laundering charges

Greek shipowner Restis held in custody on money laundering charges

 

Greek shipping magnate Victor Restis has been remanded in custody after appearing before an Athens prosecutor on Friday on charges of money laundering and embezzlement.

The public prosecutor and investigator both agreed Restis should be held before a trial for using his influence over FB Bank which he controlled to secure a EUR 5.8 million loan for companies with links to him.