Real estate company denies wrongdoing in Golden Visa-linked property purchases by Chinese brokers

2 November 2018
71 Views
1 Comments

The Athens-based company now at the center of scrutiny over alleged Chinese capital control violations linked with residency visa-granting property purchases in Greece on Thursday decried what it called inaccurate information and malicious comments against it.

Destiny Investment, established and owned by Greek executive Evangelos Papaevangelou, said the “obvious goal for certain parties” is to create confusion in public opinion and to undermine the company’s reputation.

An economic prosecutor has been ordered to conduct a preliminary investigation into the case, while National Bank of Greece on Wednesday said it has stopped the POS transfer of funds between China and the company, while also notifying authorities.

Papaevangelou’s resignation from the board of retailer Jumbo was accepted on Wednesday. The company, one of the biggest toy and children’s retailers in SE Europe, also issued an announcement saying it has no involvement whatsoever in its former vice-president’s other business activity.

You may be interested

Greek budget: Revenues in Oct. 18 exceed target by 576 mln€
FINANCE
shares10 views
FINANCE
shares10 views

Greek budget: Revenues in Oct. 18 exceed target by 576 mln€

Panos - Nov 15, 2018

The monthly target for collecting state revenues was easily surpassed last month, October 2018, according to figures released on Wednesday…

EP calls for official suspension of Turkey’s EU accession talks
GREECE
shares8 views
GREECE
shares8 views

EP calls for official suspension of Turkey’s EU accession talks

Panos - Nov 15, 2018

The European Parliament’s rapporteur called for the formal suspension of EU accession negotiations with Turkey. The body based its resolution…

Fierce debate over constitutional revision; Mitsotakis reiterates pledge to allow non-state universities in Greece
GREECE
shares13 views
GREECE
shares13 views

Fierce debate over constitutional revision; Mitsotakis reiterates pledge to allow non-state universities in Greece

Panos - Nov 15, 2018

Parliament debate on constitutional revision officially began on Wednesday, less than a year before general elections must be held in…

One Response

  1. Pingback: Greek Golden Visa Firm in Hot Water for Alleged Bypass of Capital Controls in China - Investment Migration Insider

Leave a Comment

Your email address will not be published.