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.
ATHENS – With Greece’s Capital Market Commission charging that jewelry and accessory maker Folli Follie falsified its balance sheet figures, the country’s anti-money laundering agency froze the company’s property assets, adding to its woes.
Media reports said that the move ends any hope of a bankruptcy plan to protect the company from creditors, who would have needed to agree to a restructuring by Jan. 22, 2019 and leaving its properties open to being seized for repayments.
“It would take a huge leap of confidence for creditors to sign that plan, let alone provide money; based on the past and the precedent of Folli Follie behavior, this is impossible,” an unidentified official involved in the matter told Kathimerini.
The commission, having finished reviewing the company’s financial report, is also expected to order more fines of some four million euros ($4.55 million), reports said, with findings sent to a prosecutor for review with felony charges possible, the business newspaper Naftemporiki said.
The commission has evidence of falsified figures dealing with the company’s cash reserves, among others, the paper said, adding that a probe is also continuing into the sale of securities by the company’s founder and primary shareholder Dimitris Koutsolioutsos, worth 23 million euros, ($26.17 million) to see if he derived monetary benefits from the transaction.
Its assets frozen by a court order after an audit found $1.29 billion missing from an Asian subsidiary, the company earlier lost a bid for protection from creditors when an Athens First Instance Justice ruled against its had proposal.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
NICOSIA - A meeting between the ministers of energy for Cyprus and Israel - George Papanastasiou and Eli Cohen - led to an agreement that the countries would make an underwater electric cable link a top priority, linking them to Europe.
LONDON (AP) — The British Museum on Thursday appointed National Portrait Gallery chief Nicholas Cullinan as its new director, as the 265-year-old institution grapples with the apparent theft of hundreds of artifacts and growing international scrutiny of its collection.
ATHENS - The European Union needs to get involved in the case of the two-year jail sentence given ethnic Greek Fredi Beleri who was elected Mayor of the seaside town of Himare and said the trial was a farce to get him and protect Prime Minister Edi Rama’s business friends.
Brace yourself for what could be another scorching summer in Greece as scientists are anxious that a warm winter - the warmest January recorded - and climate change will continue to bring weather anomalies.