Draft report on loans to political parties, media, show ‘blatant’ violations of bank rules, says committee head

The draft conclusions on a parliamentary investigation into shady loans granted to political parties and media groups by banks was handed over by the majority to the rapporteurs of the opposition parties, the president of the parliamentary committee and SYRIZA MP Antonis Balomenakis said on Monday.

Balomenakis said the text attempts to capture “in a very specific way” a variety of violations and offenses in connection with the issue discussed in the committee.

“What became clear to all citizens during the parliamentary committee meetings is that in many cases of lending to parties and media, especially after the start of the crisis, entrenched and necessary guarantees used by banks were bypassed and guarantees were given to inconsistent borrowers,” he said, adding that in other cases, statements which were obviously false were accepted as true.

A result of this tactic which became systematic was to “favor blatantly and openly” New Democracy and PASOK, especially after the start of the crisis, as well as large media groups which benefited from loans granted without guarantees, Balomenakis said.

The lawmaker noted that the report is a very complex text which does not allow for simplifications or a quick reading. “What is needed by all is a dispassionate reading, with responsibility and seriousness,” he added.