Banking cycles were suddenly overwhelmed and public opinion remained unanswered by the revelation of zougla.gr for the real value of the "Bank of the East" stock.
The report referred in detail to the history of the establishment of the bank, its subsequent merger with "Ethniki".
At the same time, he accurately explained the treasure of the Bank's absorption, focusing on the undisputed fact that there was never a CLEARANCE as envisaged (and provided for) by the law. These in terms of history, because the actual revelation, which, in turn, concerns the real value of each of the shares of the "Bank of the East". With a revaluation to date and valuation made by Maryland University professor Theodoros Karyoti, the present value of a French-backed gold-guaranteed share amounts to 670 billion euros.
The revelation made a mistake. The Banking Institutions involved and the Hellenic Bank Association have neither made a comment nor answered the questions posed by the report.
These questions are unrelenting since the beneficiary, Artemis Sourras, has donated 4 of its shares to the non-profit company "END" based in Athens.
In order to secure the donation, Mr. Soras submitted her evidence to the 3rd ODI of Patras in order for the state to collect the relevant tax. The Tax Office referred the matter to the Ministry of Finance, where it is pending (?)
.
This donation is intended to be used to convert the country's lenders with the Government to write off foreign debt, which is estimated at 300 billion euros, while for some other circles it exceeds 400 billion.
Zougla.gr contacted bankers. It is indicative that they did not know the history, even the existence of the "Bank of the East". They refrained from commenting on the fact that the liquidation from the merger of the Bank in 1932 with "Ethniki" was never completed. They did not comment, nor did they rebut the claims that the value of each share touches this huge amount. In short, "they did not touch the issue."
The case also takes on a wider dimension since the president of the non-profit company "END" Emmanouil Lambrakis made public the zougla radio from his airwaves, the following detail. Professor Karaiotis personally informed Mr. Evangelos Venizelos, with whom he has a long political friendship and gave him a dossier with all the information.
At the same time, the company's record shows that a letter has been sent to the Prime Minister and the Chief of the Opposing Opposition, with all the controversies also. There is no reason to invoke ignorance on the part of the political system of power.
The history At the beginning of the last century, in 1904, the National Bank of Greece established the "Bank of the East", better known as the "Banque d 'Orient". This bank is then developed in three main areas. Thessaloniki, Smyrna and Alexandria. In 1932 the Bank of the East was acquired and merged with its parent National Bank of Greece.
Under current law, a clearing is required. Three liquidators take charge of the case following a decision by the General Bank of the Bank of the East. Clearance never ends. Under the laws in force and after many years of exodus, the National Bank claims that the value of the shares of the Bank of the East has been eased. He may be right about the shares even if they were in drachmas, helping the Greek bankruptcy at the time
But those shares that we are talking about were in ... gold. The petition is clear and guarantor of every such share was and ... is the Bank of France.
In April 2010 the beneficiaries had contacted the Bank of Greece. The governor of Mrs. Provopoulos is fully aware of this. After talks, the Central Bank proposed a compromise (agreement) of 1.5 billion euros for 10 shares of the "Bank of the East".
Beneficiaries were surprised when they heard legal advisors suggesting a "strange route" to pay 1.5 billion through a British company. It was now clear how the two banks, the Central and the National, wanted at all costs to avoid being directly involved in a bank transaction so that they would not be exposed to other stakeholders in the same case.
Beneficiaries refused to adopt this "strange route". They went to another place and founded a non-profit corporation, the "END", headquartered in Greece, where Emmanouil Lambrakis, the well-known cardiologist in New York, is President and Professor Theodoros Karyoti, Vice President.
The Sora family is moving in yet another step. It donates 4 shares to "END" and submits the donation tax declaration to CYD Patron. The goal is clear. The Greek state is obliged to issue a duplicate collection of the relevant donation tax for NGOs. is in the order of 0.5% and to receive a tax of 13.5 billion. The Tax Office refers the issue to the Finance Ministry.
Source: zougla.gr (Tuesday, September 20, 2011)