Word: crete
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Dates: during 1980-1989
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...held secret ballots to banish leaders when they were accused of serious transgressions. Last week a similar process began in the Greek parliament after two government commissions recommended that criminal charges be brought against former Prime Minister Andreas Papandreou. The panels accused Papandreou of complicity in the Bank of Crete scandal and of ordering illegal wiretaps. Parliament is expected to refer the charges to a special criminal court...
...Bank of Crete scandal involves allegations by the bank's owner, George Koskotas, that he systematically looted the Athens-based institution of some $210 million, and then distributed much of the money to high-ranking members of the Socialist Party (PASOK), including the Prime Minister. The commission said it found enough corroboration of Koskotas' charges, which he first made publicly in exclusive interviews with TIME last March,* to recommend prosecution of Papandreou for bribe taking and receiving stolen money...
...main task of the new administration, to be headed by veteran New Democracy parliamentarian Tzannis Tzannetakis, will be the investigation and punishment of senior officials involved in a web of financial scandals, including the alleged embezzlement of some $210 million from the Bank of Crete. Once that is achieved, new elections will be scheduled...
...short of control in the 300-seat Parliament. The New Democrats campaigned on the promise of "catharsis," which included investigating and prosecuting political bigwigs implicated in several cases of alleged fraud that involved millions of dollars, including the embezzlement of more than $210 million from the Bank of Crete by its former owner George Koskotas...
...Greek Cabinet and a Koskotas confidant, was arrested on allegations that he received $2 million from Koskotas in a Swiss bank account. Also jailed was Panayotis Vournas, general manager of the postal service. He was charged with depositing 7 billion drachmas (nearly $50 million) in the Bank of Crete in an attempt to shore it up shortly before the scandal broke last fall...