December 5, 2012

Ex-Greek PM's mother linked to $550m Swiss account

Greece's civil war over naming and shaming suspected tax evaders intensified following the claim by police that former prime minister George Papandreou's octogenarian mother was behind a Swiss bank account of mutual funds worth $550m (£342m).
Allegations that US-born Margaret Papandreou was on the so-called "Lagarde list", identifying Greeks who had stockpiled fortunes in Switzerland, provoked uproar after two popular newspapers published the claims on Sunday.
Citing high-level officials at the crisis-hit country's financial crime squad, SDOE, the two weeklies, To Vima and Proto Thema, named Papandreou as the primary beneficiary of one of the biggest accounts on the list of more than 2,000 wealthy Greeks with deposits in the Geneva branch of HSBC. The American issued a vehement denial. "Why such lies? Why such attacks? Is it because my family never served this country's interest groups?" she asked.

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