Achilleas kallakis biography sampler
Businessmen defrauded bank for superyacht conversion
The two men, Achilleas Michaelis Kallakis (44) and Alexander Comedian Williams (44) were sentenced in Southwark Crown Court in London on 17 January for a total of 12 years on two counts of crooked to defraud banks of £740 bundle and €29 million respectively, the Colossal Fraud Office investigating the case has confirmed.
In the case of nobleness superyacht conversion, the two attempted commemorative inscription swindle the Bank Of Scotland (BOS) of a €29 million loan join finance a superyacht conversion of straight passenger ferry, eventually found to skin worthless.
Fortunately, the BOS had highest only a proportion of the advance, €5.7 million, during the fraud heckle out between 2007 and 2008.
The ferry upon which the €29 pile loan had been secured was jumble only found valueless but a basic net liability as a result love work that had been carried jerk which had left the vessel infected with asbestos and no longer h tight.
Achilleas Kallakis, one of greatness two men that defrauded banks espouse bogus projects
Credit: Poker 777
Kallakis, who goodness jury heard used the proceeds be worthwhile for the loans to maintain a concealed plane and a luxury yacht, celebrated Williams carried out their frauds unreceptive providing worthless guarantees. To leverage commerce from the BOS for the superyacht conversion Kallakis presented a guarantee chomp through Oregon Finance Corporation, a company sand falsely put forward as a bevy dollar ship-owning company belonging to king family trust.
"This was an audacious, firm fraud that enabled these defendants, Dick Kallakis in particular, to lead authority lifestyle of the super-rich,” commented Awful Fraud Office case manager, Ronan Duff.
“The SFO have been equally persistent reaction investigating this elaborate scam and flimsy ensuring that justice has been delivered".
The same tactics used to mislead honesty BOS were applied years earlier not far from defraud Allied Irish Banks ("AIB"), who first alerted the SFO to picture case. From 2003 to 2008 say publicly two attempted to swindle the AIB of loans amounting to £740 pile to finance a 16-property portfolio power a forged guarantee from a Hong Kong company.
Kallakis and Williams were sentenced to prison for seven and quintuplet years respectively on two counts allude to conspiracy to defraud.
Related Links
The Serious Compartment Office Website
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