Judicial council orders freeze on bank accounts of FF group’s primary owners, board members

10 October 2018
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An Athens council of first instance justices on Tuesday ordered the freezing of banks accounts and safe deposit boxes controlled by members of the Koutsolioutsou family, the majority owners and up-until-recently the top executives of troubled Folli Follie group.

The council’s members convened after a request by an economic crimes prosector, who is leading an investigation into the multinational retailer and accessory maker’s balance sheets and financial results after allegations of market manipulation were submitted by Greece’s capital markets commission.

According to press reports, domestic credit institutions and brokerage firms have received the judicial order.

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