Former Laiki chiefs plead not guilty to mismanagement
Four former top officials at Laiki Bank on Thursday pleaded not guilty to
charges of mismanagement at the now-defunct lender.
Former bank CEO Efthymios Bouloutas, former deputy CEO Panayiotis
Kounnis, and former board members Neoklis Lysandrou and Markos Foros
are facing charges of market manipulation and presenting false/misleading
information to investors.
They are accused of concealing the true goodwill value of Marfin Popular
Bank – as it was then known – in filings to the Cyprus Stock Exchange (CSE)
in November of 2011.
Goodwill is the established reputation of a business... [
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