His support for her administration EDTAin order to suppress any corruption phenomena, the Minister of Finance expresses in his statement, Kostis Hatzidakis.

His statement in more detail:

“I support and encourage the effort made by the management of ETAD together with the Superfund to reorganize the company and control any corruption phenomena.

What is being published today is due to the systematic efforts of the current and previous management of ETAD to bring some order to the company.

From my side, no compromise will be made with phenomena like those that are being revealed today. It is our conscientious duty. We move forward transparently with a lot of work to do in the Public Real Estate Company!”.

ETAD announcement

The management of the Public Real Estate Company (ETAD) S.A., in collaboration with the Superfund, is implementing a major control and reorganization project of the company given that major malfunctions and the implementation of unacceptable practices that harmed the organization’s interests.

For this reason, a multi-dimensional audit by certified external auditors and legal offices began in June 2023 in order to identify and above all to document cases of distortions and possible illegal acts in order to refer the accountants to Justice.

ETAD has filed a complaint against all those responsible in order to check any criminal responsibilities for cases of embezzlement, disloyalty, extortion and fraud and is in close cooperation with the competent authorities.

Having absolute confidence in the work of the Justice, and with a political direction of zero tolerance for similar phenomena, the strong will of the Administration of the ETAD and the Superfund is not only to clarify the specific cases but also to change the relevant internal procedures in order to further protect the public interest.

The incidents that were made public today are isolated and in no way reflect the ethos of ETAD’s employees who faithfully manage the company’s complex real estate portfolio on a daily basis.