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Ring defrauds state and social security funds

Estimated losses of 5 million euros for social security fund IKA and 7.8 millionwere caused by the activities of a ring that set up dummy companies that faked insurance payments for employees.

  • Published in Greece

Development ministry fraud ring busted

A ring using fake letters of credit worth 30 million euros for investments worth 70 million, in order to get financing worth 18 million, was uncovered by the deputy Development minister.

  • Published in Greece
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