ATHENS, Greece (AP) — A leading Greek shipowner and investor, Victor Restis, has been jailed after charges were filed against him for fraud and money laundering.
Court officials said the 45-year-old was taken into custody Friday after appearing before investigators to answer allegations that 5.8 million euros ($7.69 million) remain unaccounted for, from loans given by Greece's First Business bank, or FBBank. The bank was controlled by his family until being dissolved earlier this year.
Restis was charged Tuesday, and strongly denies the allegations, describing them as "baseless." He argues that they stem from false claims made by a former employee. The shipowner was being held at Athens police headquarters late Friday and was due to be led to prison on Saturday for pre-trial detention.