Deputy Attorney General Rikkos Erotokritou yesterday ordered a criminal probe into a contract under which the Central Bank allegedly agreed to pay a consulting firm nearly €5 million for money used to recapitalise the banks.
He said it would focus on "the leak of confidential documents from the Central Bank... possible forgery of documents and the possible deception of central bank board members."
The contract was signed in March with London-based consultants Alvarez and Marsal (A&M), who were hired to help the floundering banking sector to recapitalise.
Reportedly the Central Bank had agreed to a demand by A&M that it pay a success fee of 0.10% of the total capital injected into the banking system, however it was achieved.
But yesterday the Central Bank said A&M was not demanding extra payment.
“Alvarez & Marsal, in a letter sent to the CBC, states that at the time of the agreement there was never any intention of requesting compensation from the bail in and this continues to be the firm’s position,” said the bank.