Greek Supreme Court Reopens Case of Self-Proclaimed Billionaire

Thursday, January 5th, 2017
Last Update: 22:34

Supreme Court prosecutor Xeni Dimitriou on Thursday ordered the reopening of the case file of Artemis Sorras after recent incidents caused by his followers.

The reappearance of Artemis Sorras and his followers in Greek public life and his new claims that Greeks can pay their taxes using part of his 600-billion-dollar trust fund has turned into a political problem.

Sorras formed a nationalist party entitled “Assembly of Greeks” and called on his followers to repay their debts to the state using money from his trust fund. Hundreds of Sorras’ followers submitted to tax authorities a petition that their dues to the state should be subtracted from the trust fund. This created a problem since the Sorras followers had a court document that supported their claim.

Sorras appeared in 2013 claiming he has a fortune of 600 billion dollars and he is willing to repay Greece’s sovereign debt. At the time Sorras had been charged for disseminating false information. However, a court decision cleared Sorras and gave him free rein to continue his activities.

The 2013 decision by the Misdemeanors Court of Athens said that “There is nothing that proves that the money does not exist or the falseness of the titles incorporated.”

According to the decision, “Sorras is managing a fund amounting to 600 billion U.S. dollars owned by a foreign investment company called Red Partner Limited based in London. The amount has been incorporated in six international bills of the U.S. Treasury, the nominal value of each being 100 billion dollars maturing in August 2014, The money has been deposited in a trust fund and held to credit and sponsorship of the Greek Republic. Specifically, the conciliator (Sorras) intends to allocate this amount to the Greek State in the form of a loan.”

Justice Minister Stavros Kontonis forwarded to the Supreme Court the 2013 decision by the Athens misdemeanors court that cleared Sorras of the charges of spreading false information.

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