He was taken into custody after his apology “Maximos Sarafis”.

Two of his co-defendants were released under a restrictive condition to appear before the AT.

“Maximos Sarafis,” known as Philistor Destepbasidis, appeared before the courts of Evelpidon this morning to apologize for what he is credited with in the business fraud case.

Today, two other defendants in the case, which, according to the materials of the criminal case, relates to the activities of an organized criminal organization, pleaded guilty to the investigating authorities.

F. Destepabasidis, the former chief operating officer and public relations director of Novartis, is central to the case because, according to the evidence he is called upon to refute, for at least two years he acted as the mastermind of a group of individuals who promised direct loans to entrepreneurs from foreign banking institutions.

The case file states that the organization engaged its victims by convincing them that it would provide direct lending from banks in the United Arab Emirates, which in some cases would be through defunct, according to the case file, Zahrat Commercial Brokers LLC, based in Abu Dhabi , which the Principal Defendant represented in Greece. Potential borrowers were asked to pay a number of sums for insurance, guarantees, legalization of documents, which indicated the alleged members of the organization.

According to the police authorities, the case currently concerns seven cases totaling 800,000 euros, which the organization allegedly received.