PPC chief indicted for felony misuse of funds; allegedly OK’d higher pay for execs | protothemanews.com

ATHEX INDEX: %

Latest News

Greece: New issue of government bonds – Limited rise in bond yields » The yield of the Greek 10-year bond stood at 3.52% from 3.44% yesterday compared to 2.46% of ...
Storm – Larissa: They are cleaning the wells as storm approaches- Watch video » Residents in Thessaly have been supplied with bags of sand ...
Our Ocean Youth Leadership Summit OOYLS as part of 9th Our Ocean Conference » Since its inception, the Our Ocean Conferences have facilitated more than 2,100 commitments valued at nearly $128 ...
Three Russians set a record by parachuting from the stratosphere at the North Pole – See stunning images » Mikhail Korniyenko, Alexander Lynnik and Denis Yefremov fell from an Ilyushin-76 plane flying at an altitude of ...
Kasselakis on Kyriazidis: The supposedly liberal Mitsotakis lacks the moral backbone to expel a homophobic MP » Stefanos Kasselakis calls for the removal of New Democracy MP Dimitris Kyriazidis from Drama ...
Pierrakakis visited the 6th Model Junior High School of Alexandroupolis » Talks on violence, bullying and daily life at school ...
The first Pan-Hellenic Truffle Festival in Kalambaka was a huge success » The Museum of Natural History of Meteora and Mushroom Museum got the gold at the Tourism Awards ...
Alkinoos Ioannidis sings at Columbia University – Watch the video » The post he made on social media ...
At 93 years old he has the biological age of a 30-year-old – What is his secret » Could the case of a 93-year-old who started exercising at the age of 73 hold the answers ...
Venice Biennale: The opening of the Greek pavilion » Xirómero/Dryland is representing Greece drawing its inspiration from folklore festivals ...

PPC chief indicted for felony misuse of funds; allegedly OK’d higher pay for execs

Author: newsroom | Published: March 4, 2015

According to the decision which indicts Mr. Zervos, he broke law 3833/2010

An appellate level judicial board has returned an indictment against Public Power Corp. (PPC) president and CEO Arthuros Zervos, charging that he approved salaries above the legal limit for 19 top PPC executives between 2010-2012.

According to the felony charge, between March 2010 and September 2012, Zervos stands accused of damaging the state-run and listed power utility to the tune of 150,000 euros.

According to the decision approving the indictment, he allegedly violated law 3833/2010 by approving PPC directors’ salary increases over 5,981 euros per month, reportedly the maximum allowed by law.

Scroll