Twenty individuals were pronounced guilty of bribery and/or moneylaundering charges by a criminal court in Athens on Wednesday over a contract for the construction of four submarines by HDW-Ferrostal at the Skaramangas Shipyards.
The court also pronounced another seven innocent of charges.
The submarine procurement agreement was signed during the tenure of then-defence minister Akis Tsochatzopoulos, who has been sentenced over this and other cases and released on health grounds after serving part of his sentence.
In Wednesday’s decision, the defendants found guilty on different charges include former defence ministry official Antonis Kantas, French-Swiss banker Jean-Claude Oswald (who disabled a tracking bracelet and is being sought) and his Greek partner, arms dealer Panagiotis Efstathiou, head of Skaramangas Shipyards at the time Sotiris Emmanouil, shipowner Michalis Matados, and businessman Alexandros Avatangelos.
Businessman Panos Germanos and his company Sunlight and Spyros Travlos, head of the ministry’s armaments directorate, were found innocent of charges related to contract offsets.
The court case will continue with the sentencing of those found guilty.