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Ministry seeks charges against insurance company for falsifying figures

Δημοσίευση 11 Δεκεμβρίου 2010, 10:59 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Ministry seeks charges against insurance company for falsifying figures
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The regional development and competitiveness ministry has asked the public prosecutors' office to press charges against the board of the insurance company VDV Leben International for falsifying its financial figures.

The regional development and competitiveness ministry has asked the public prosecutors' office to press charges against the board of the insurance company VDV Leben International for falsifying its financial figures.

The ministry said that the board had concealed the company's true financial state and fiscal position, presenting 42.03 million euro of non-existent assets such as bonds and shares in its end-of-year report.

The supervisory body for public insurance has suspended the company's operations both in Greece and abroad, forbidding it from signing new insurance contracts or additional acts to existing contracts, while it has also frozen all its assets.

 

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