Irregular loans from Attica bank, a Greek bank, which is majority owned by a pension fund belonging to engineers, enabled oligarch Yannis Kalogritsas to obtain a TV license in a recent auction, it has emerged.
Five of the seven TV channels currently operating in Greece lost their license largely because of insufficient funding as part of controversial prcoedures surrounding the auction.
The Parliament’s ethics committee is expected to call State Minister Nikos Pappas and the four winners of the auction, including Kalogritsas, the son of a construction magnate who is under investigation for tax evasion, to answer questions about the procedure.
Alexis Tsipras and Pappas also faced criticism from their own party, with Interior Minister Panayiotis Kouroublis suggesting Kalogritsas should have his license revoked if claims that the family borrowed millions from state-backed Attica Bank and evaded millions of euros in taxes are substantiated, says Kathimerini.
Kouroublis called on Bank of Greece Governor Yannis Stournaras to provide details about Attica Bank.
Stournaras has the job of overseeing Attica Bank, and the failings of Attica Bank, with a high proportion of bad loans, reflect, therefore, his failings of oversight.