Energa, Hellas Power executives to stand trial after court rejects appeal

Nineteen Energa and Hellas Power executives were expected to stand trial in connection to a case of money laundering, embezzlement and breach of faith on the part of the two private electricity providers, after the Supreme Court rejected an appeal by the defendants.

According to the case file the two companies allegedly withheld up to 270 million euros from the Greek state through a special property tax levied through electricity bills. The companies allegedly collected the levies but subsequently failed to hand the money over to the state.