![Financial crimes probe into MP’s financial dealings; expelled ND deputy purchased NPLs tranche](https://www.ot.gr/wp-content/uploads/2022/10/patsis-1.jpg)
A northern Greece Parliament deputy accused of participating in state contracts – for legal consultation and services – and of also purchasing a tranche of NPLs in the role of a “distress bank”, now faces an investigation into possible tax evasion, money laundering and other offenses.
Andreas Patsis, who was elected on ruling News Democracy (ND) party’s ticket for the single-seat prefecture of Grevena, is now the subject of an investigation by the chief financial crimes prosecutor. Companies in which Patsis is active, holds a stake in or represents will come under scrutiny, including off-shore companies and collection agencies. Additionally, his close relatives will also reportedly come under the probe.
He was expelled from ND’s parliament group late last month after it was revealed that he received a multi-million-euro loan with which to purchase a bloc of NPLs loans linked with real estate. However, Patsis, an attorney, refused to resign from Parliament and give up his seat.
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