The months-long Mitsotakis government was the recipient of a rare but prominent rebuke in the international press this week, with none other than the Financial Times sounding “warning bells” over a revision in Greece’s penal code viewed as a ” as backtracking on money laundering”.
The FT article, bylined by the financial daily’s veteran correspondent in Greece, Kerin Hope, included the subhead of “Bulk of frozen assets set to be handed back under penal code amendment”
According the paper, the “…The centre-right government of prime minister Kyriakos Mitsotakis has pushed a measure through parliament that appears to overturn Greece’s commitment to international standards on combating corruption and money laundering. An amendment to the country’s penal code approved late on Wednesday night provides for people suspected of criminal fraud and money laundering to recover assets frozen by the court, if they are not brought to trial within 18 months.”
The entire article is found here:
https://www.ft.com/content/37512b46-06b4-11ea-9afa-d9e2401fa7ca
