An investigation into the possibility that serious crimes have been committed, such as stock manipulation ή insider trading, before the share capital increase of DEI, ordered the financial prosecutor, Christos Bardakis.
The prosecutor ordered a preliminary investigation following media reports, but also complaint which they submitted to the Office of the Prosecutor of the Supreme Court Three days ago, six lawyers called for an investigation into offenses such as stock manipulation, breach of trust, and dereliction of duty.
It should be noted that the six attorneys cite a series of news reports in their petition and point out that there are «sufficient evidence of the commission of the offense of market manipulation involving shares listed on the stock exchange, as well as the possible commission of the offenses of breach of trust and dereliction of duty».
According to a related report by Document, Moreover, on Monday, September 13 (two days after Mr. Mitsotakis’s enthusiastic statements and three days after the announcement of the sale of 49% of HEDNO for 2.1 billion euros), PPC’s stock price reached 10.5 euros. This represents a 6.06% increase in the share price compared to the trading session on September 10.
This increase led many small investors to «jump on the bandwagon.» In the days that followed, however, the price of PPC shares fell steadily and inexplicably. Last Friday, September 24—one day after the announcement of the decision to increase the share capital without the Greek government exercising its rights—the stock closed at 7.98 euros. Losses have amounted to 24% since the «inexplicable» drop.
