Greece: Hatzigiannis accused of money laundering

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May 16, 2016

Popular Cypriot singer Michalis Hatzigiannis could face prison time after being accused by Greek prosecutors of money laundering, Greek media reports said on Monday.

Media reports in Athens on Monday suggested that the singer – who is widely popular in Greece and Cyprus and has a string of hit singles in both countries – has laundered money to the tune of around €5million. The 37-year-old had previously been fined by an Athens Court for tax evasion

Hatzigiannis is expected to answer to the criminal charges at the three-member Court of Appeal for Felonies after his case was referred to higher court by the First Instance Judicial Council.

According to the indictment, “Between January 1, 2010 and December 31, 2011 at Glyfada Attikis, the accused repeatedly and willingly committed the act of legalisation of income from criminal activities, concealing and covering the true source of his property’s origin, disposal, dispersal, management and usage as well as concealing the true ownership of the said property despite knowing that it originates from criminal activity.”