On 27 May, Ekathimerini reported that a businessman, a former General Secretary for Procurements at the Ministry of Defence and a Monaco-based British lawyer and businessman, have been acquitted of charges of bribery and money laundering in a case over 20 years old.  The case concerned the sale, in 1999, of 4 Erieye Airborne Early Warning and Control systems by Swedish company Ericsson Microwave that were mounted on Brazilian Embraer early warning aircraft.  However, the court found Christos Toumbas, Ericsson Microwave’s agent in Greece, and Swiss banker Jean-Claude Oswald, guilty, and they were sentenced to 3 and 6 years, respectively. Oswald was sentenced in absentia



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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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