Greek first-instance court prosecutors on Wednesday ordered that all intangible assets and bank accounts of the Hellenic Society for the Protection of Intellectual Property (AEPI) be seized or frozen up to the sum of 10 million euros, in light of a case built against the company based on reports of financial irregularities and mismanagement.

Culture and Sports Minister Lydia Koniordou has appointed a member of the civil service to temporarily head the Hellenic Society for the Protection of Intellectual Property (AEPI) and deal with its serious mismanagement issues, while restoring the smooth operation of the intellectual property rights market, the culture ministry announced on Monday.