Former head of PPC, Mytilineos Group owner to face kickbacks-for-contracts charges

Greek prosecuting authorities on Wednesday pressed criminal charges of bribery and money-laundering against a former CEO of the Public Power Corporation, Stergios Nezis, and businessman Evangelos Mytilineos. The charges concern a bribe of 250,000 euros allegedly accepted by Nezis in order to award METKA, a Mytilineos Group company, a contract for the construction of a PPC power plant in 2002-2003. Nezis resigned as head of the PPC two years later, in 2005.

Sources said the prosecutors have evidence of a cash transfer to Nezis that appears connected to the project awarded to METKA for the construction of a gas-burning PPC plant in Lavrio. It was awarded to the company following a tender held in November 2003, for the sum of about 194 million euros.

Prosecuting authorities had launched an investigation into the way the project was awarded, acting on complaints of untransparent proceedings during the tender, and had pressed misdemeanour charges against PPC’s management at the time but they were acquitted when the case went to trial.

The file on the case against Nezis and Mytilineos will now be sent to an examining magistrate.