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article imageFormer Greek defence minister arrested in kickback scandal

By Katerina Nikolas     Oct 3, 2012 in World
A former PASOK government minister responsible for arms procurements at the Greek Defence Ministry has been arrested in relation to a kickbacks and money laundering scandal.
Yiannis Sbokos, 61, has been arrested for his involvement in kickbacks relating to armaments procurements. He is a close associate of former PASOK Defence Minister Akis Tsochadzopoulos who has been charged with money laundering.
According to the Guardian Tsochadzopoulos was charged with accepting an €8m bribe from German submarine company Ferrostaal earlier this year. Sbokos is allegedly part of the group involving the former Defence Minister which Ekathimerini reports is "linked to kickbacks and money laundering amounting to some 80 million euros from arms sales."
According to Athens News German shipbuilding company Howaldtswerke-Deutsche Werft provided the kickbacks.
Economists have estimated that Greece has spent around €150 billion on armaments over the last decade, much of it from Germany.
More about Yiannis Sbokos, HowaldtswerkeDeutsche Werft, Greek defence kickbacks, Akis Tsochadzopoulos, armaments procurements
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