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

2 November 2018
546 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 PM Tsipras declares snap general election after Europarliament, local govt defeat
GREECE
shares8 views
GREECE
shares8 views

Greek PM Tsipras declares snap general election after Europarliament, local govt defeat

Panos - May 27, 2019

Greek Prime Minister Alexis Tsipras late Sunday evening said he will declare snap elections for next month, in June, hours…

Weather forecast: Clouds
GREECE
shares11 views
GREECE
shares11 views

Weather forecast: Clouds

Panos - May 27, 2019

Clouds, rain and westerly-northwesterly winds are forecast for Monday. Wind velocity will reach 6 on the Beaufort scale. Clouds and…

JOKER results: 26/05/2019
GREECE
shares36 views
GREECE
shares36 views

JOKER results: 26/05/2019

Panos - May 26, 2019

The winning numbers from the JOKER draw are as follows:

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Your email address will not be published.