According to secure information, the new application for release from prison of Tzortzis Koutsoliutsos was rejected. And this despite the contrary proposal of the Prosecutor who had suggested that the suspension of execution of his sentence and his release with restrictive conditions be accepted.
It is recalled that Tzortzis Koutsoliutsos requested his release from prison a few days ago, requesting according to information to serve his sentence at home or to be released from prison with restrictive conditions (e.g. “bracelet”).
Tzortzis Koutsolioutsos: 11 years imprisonment
It should be noted that the businessman had filed a request to suspend the execution of his sentence last June, as soon as his prison sentence of 11 years was announced by the Three-member Court of Criminal Appeals of Athens.
However, the court unanimously rejected the request as it considered that if he is released there is a risk that he will commit similar acts.
At… the house of Dimitris and Kaiti Koutsoliutsou
It is recalled that multi-year prison sentences for the Folli Follie case were also imposed on the parents of George Koutsolioutsou for their involvement in the Folli Follie case.
Specifically, Dimitris Koutsolioutsos and Aikaterini Koutsolioutsou were sentenced to 17 years and 10 years respectively.
However, the seat of the court accepted the request of their lawyer, for their sentence to be served at home due to their advanced age.
The timeline of the case
The Koutsoliutsou family was one of the main defendants in the case of falsification of Folli Follie’s financial statements for a number of years, through which bondholders and minor shareholders of the company were damaged, among others.
A total of 11 defendants sat in the dock with the following charges:
- Establishment of a criminal organization
- Forgery jointly jointly and severally with a total benefit and corresponding loss of more than 120,000 euros
- Fraud by complicity and by continuation committed against natural and legal persons, NPID and NPDD, with a loss of more than 120,000 euros
- Joint, professional and follow-up market manipulation
- Laundering of proceeds from criminal activities by complicity and by continuation etc.
QSM’s rocket
It all started on Friday, May 4, 2018. With a report by the American fund QSM that exploded like a “bomb” and questioned the financial and commercial position of the group.
Source: OT.GR
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