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> Politics

Government addresses Stefanos Kasselakis to provide transparency regarding assets and legal concerns

The president of SYRIZA acknowledged his involvement in a foreign company until the early 2024, when he assumed the presidency of SYRIZA

Newsroom June 4 08:04

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Stefanos Kasselakis’ release of a one-page summary of his financial situation has prompted the government to request further clarification on his financial details. Officials believe this places Mr. Kasselakis and SYRIZA in a position to address questions about asset transparency. In his Thessaloniki speech, Mr. Kasselakis acknowledged his involvement with the Miami-based company OSIOS LLC until early 2024, which had been noted for its lending activities related to SYRIZA media.

Mr. Kasselakis stated he concluded his involvement in early 2024 without providing specifics on the transfer of his shares. The government contends this contravenes a 2016 law requiring officeholders to divest business interests within two months of taking office. Officials also noted the absence of detailed financial records, with Mr. Kasselakis attributing this to pending IRS documentation.

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Financial Transparency Questions

Government representatives, including Pavlos Marinakis, raised concerns about Mr. Kasselakis’ ability to sustain a luxurious lifestyle, hinting at possible undisclosed financial sources. The asset report showed high borrowing and low deposits despite a significant portfolio of mutual funds and shares. Additionally, it did not include income details for Mr. Kasselakis’ husband, Tyler McBeth.

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