Former Laiki chiefs plead not guilty to mismanagement

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Former Laiki chiefs plead not guilty to...
 © CyprusMail 2017
Four former top officials at Laiki Bank on Thursday pleaded not guilty to charges of mismanagement at the now-defunct lender.

Former bank CEO Efthymios Bouloutas, former deputy CEO Panayiotis Kounnis, and former board members Neoklis Lysandrou and Markos Foros are facing charges of market manipulation and presenting false/misleading information to investors.

They are accused of concealing the true goodwill value of Marfin Popular Bank – as it was then known – in filings to the Cyprus Stock Exchange (CSE) in November of 2011.

Goodwill is the established reputation of a business...


Former Laiki chiefs plead not guilty to mismanagement


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