New trail of cash found in arms deals investigation

New trail of cash found in arms deals investigation

 

New evidence implicating the former head of procurements at the Defense Ministry, Yiannis Sbokos (photo), in the acceptance of bribes in order to seal arms procurements has emerged, Kathimerini understands.

A magistrate investigating ex-Defense Minister Akis Tsochatzopoulos for money laundering believes he has traced 12 million euros which was transferred through a network of offshore companies before ending up at a company, Clavis International, they believe was used to launder the money.

The funds have been linked to the purchase of the Russian-made TOR-M1 missile defense system, which was purchased when Tsochatzopoulos was at the Defense Ministry.