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Stelios Stavridis dismissed

stavrisdisStelios Stavridis, the chairman of the Greek government’s Hellenic Republic Assets Development Fund (HRADF), has been dismissed from the privatisation agency.

Stavridis has been ousted after a report emerged that he had travelled on an aeroplane belonging to a businessman who was part of a consortium that acquired a significant stake of the OPAP gambling monopoly from the state.

Stavridis had only been in the job for four months but had faced criticism for the slow pace of privatisations, despite finally offloading its 33% stake in OPAP to Czech-led private equity consortium Emma Delta for €652 million ($867.5 million) last week.

Stavridis had travelled on a private jet owned by Greek ship-owner Dimitris Melissanidis, who is one of the investors in Emma Delta.