The Criminal Court of Appeal of Lamia Lamia imposed a total sentence of seven years imprisonment on a former bank executive with branches in Lamia and Fthiotida, for the offences of embezzlement on a repeated basis of more than 120,000 euros and forgery.

According to lamiareport.gr, the accused was acquitted of the offence of dishonesty after the prosecutor’s suggestion that he committed material and not administrative acts, while he was also fined two hundred daily units to fifty euros (€50) per day. He was granted the extenuating circumstance of prior lawful life, however, the appeal he filed was not given suspensive effect and he returned to prison since he was already temporarily detained after his plea to the Investigating Magistrate last March.

The employee in question is accused of misappropriating customer funds that he was supposed to put into fixed-term deposits or mutual funds, which exceeded 700,000 euros.

His actions were also revealed by the bank’s internal audit, resulting in criminal charges being filed by the credit institution and by his victims (some not on time).

According to the indictment, on several occasions, he forged the signatures of his customers and even went so far as to issue cards to his victims which he used himself.