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

2 November 2018
249 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

“Wish Tree” on Greek island becomes Tourist attraction
GREECE
shares334 views
GREECE
shares334 views

“Wish Tree” on Greek island becomes Tourist attraction

Panos - Jan 22, 2019

The “wish tree” on the picturesque Antipaxos island in the Ionian Sea has become a tourist attraction, as every year…

Greek feta cheese’s “DNA” decoded
GREECE
shares9 views
GREECE
shares9 views

Greek feta cheese’s “DNA” decoded

Panos - Jan 22, 2019

If you like the famous Greek feta cheese, then this scientific piece of news may interest you. The researchers at…

1.6 million people split up due to Brexit!
GREECE
shares18 views
GREECE
shares18 views

1.6 million people split up due to Brexit!

Panos - Jan 22, 2019

New research claims that 1.6m people ended relationships or stopped seeing someone new due to disagreements over last year’s Brexit…

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Your email address will not be published.