KMW

Seven investors eye ELVO assets

Ernst & Young announced on Friday a tender for the sale of the assets of Hellenic Vehicle Industry (ELVO), in the capacity of special administrator for the troubled state company. Interest needs to be declared by April 2.
Finance Minister Christos Staikouras said on Friday that seven investors have already expressed informal interest.

Suspect in arms procurement scandal flees

Swiss-French banker Jean-Claude Oswald, who is facing charges of money laundering and bribery in connection to an arms procurement program, went missing on Tuesday after removing his monitoring bracelet, Greece's Justice Ministry said.

Oswald, who appeared in an Athens court earlier in the day where his case was being heard, destroyed the device's strap and disappeared, it said.