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22ndannualcapital

All defendants in stock exchange scandal not-guilty

Thirteen years after the huge scandal with the stock market bubble in which thousands upon thousands of small-time investors lost their savings and more, while social security fund assets were essentially looted in order to fuel bourse speculation, the case reached its final, if disappointing verdict.

Despite the expectation for some severity in the decisions of justice for a scandal that rocked Greece, the decision that shocked the public declaring all defendants not guilty.

This transforms the stock exchange scandal into a judicial scandal, as the court found all 42 defendants not guilty of felonious charges. More specifically the court opined that the charges for fraud did not stand as there was no evidence showing that the sale fo the stock packages in question influenced their final price on the stock exchange listing during the period in question.