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Cyprus Eastern Forum Index » General » Former Laiki chiefs plead not guilty to mismanagement
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Former Laiki chiefs plead not guilty to mismanagement 
Post: #1   PostPosted: Thu Oct 12, 2017 7:55 pm Reply with quote
Steve - SJD
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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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Former Laiki chiefs plead not guilty to mismanagement 
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