General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
There was more trouble for failing Greek jewelry and accessory maker Follie Follie, facing closure after an audit said $1.29 billion was missing, with a report that the company made have given $122 billion through it’s Asian subsidiary to unknown recipients, including a business that may not exist, said Kathimerini.
The founders and leaders of the company resigned after the audit found discrepancies in cash reserves, including $1 billion in Asian sales, raising prospects the company would shut and not go into bankruptcy and try to re-emerge.
The final report of the Hellenic Accounting and Auditing Standards Oversight Board (ELTE), which sent its conclusions to the financial prosecutor’s office and anti-money laundering agency, said the interest-free loans were given without any business reasons, without collateral, to Landocean Industrial Limited, whose existence was in doubt, the paper said.
ELTE also reported that Folli Follie’s Asian subsidiary made sales of $995.1 million in 2017 and $862.5 million in 2016 to a firm named NG Boon Soon, another company whose existence is disputed.
Folli Follie’s main shareholder, the Koutsolioutsos family, which also controls the company, announced it had filed for the protection of subsidiary Links of London under the US bankruptcy code to protect it from from forced measures will mean the shutdown of six points of sale and nine shops-in-shops.
There was also talk that Chinese business giant Fosun, involved in a group trying to develop the former Hellenikon International Airport into a high-end site, could take part in restructuring of Follie Follie but there were no reports that anyone in the company was being prosecuted for anything.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.
NEW YORK – Mike Labatos, AHEPA District 6 Lt.
Cretans are known for loving their guns but the island has the dubious record of having the highest rates of suicide in Greece over the last 25 years, averaging 2.
ATHENS - Forgetting the 2010-18 economic and austerity crisis that saw people so desperate they were picking food out of rubbish and supermarket bins, Greeks are among the European countries with the ignominious title of food wasters.
PARIS (AP) — The second retractable roof at Roland Garros will be inaugurated on the opening day of the French Open next month, organizers said on Thursday about a project planned with the Paris Olympics in mind.