Founder of fuel retailer facing bankruptcy commits suicide

4 July 2016
68 Views

The elderly co-founder of a major fuel retailer in Greece facing bankruptcy apparently shot himself in the head on Sunday.

Police ruled out foul play in the death of Jet Oil board president Kyriakos Mamidakis, 84, whose body bore a single gunshot wound to the left temple. A handgun, legally possessed by the victim, was found next to the body. Two shots were heard by a house attendant, with authorities later establishing that one round was fired into a wall, before the fatal shot was taken.

Jet Oil filed for Article 99 under Greece’s bankruptcy code this past week, and was placed under temporary protection from creditors, following a company petition to a relevant first instance court

You may be interested

TTF to sell northern Greece photo-voltaic parks to Chinese multinational SPI Energy Ltd.
FINANCE
shares16 views
FINANCE
shares16 views

TTF to sell northern Greece photo-voltaic parks to Chinese multinational SPI Energy Ltd.

Panos - Sep 22, 2017

The Thermi Taneo venture capital fund (TTF) this week announced an agreement to set photo-voltaic parks in Greece with a…

Today is the Autumn Equinox: 6 things to know on first day of fall
WORLD
shares51 views
WORLD
shares51 views

Today is the Autumn Equinox: 6 things to know on first day of fall

Panos - Sep 22, 2017

The autumn equinox, otherwise know as the first day of fall, arrives on Friday, Sept. 22 in the Earth’s northern…

Investors Are Switching From Portuguese to Riskier Greek Debt for Better Returns
FINANCE
shares52 views
FINANCE
shares52 views

Investors Are Switching From Portuguese to Riskier Greek Debt for Better Returns

Panos - Sep 22, 2017

Portugal’s credit-rating boost and the ensuing bond rally have prompted fund managers from BlueBay Asset Management and Old Mutual Global…

Leave a Comment

Your email address will not be published.