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The Greek government is preparing draft legislation that will enable people suspected of money laundering, tax evasion and influence trafficking to benefit from lighter sentences if they declare or give back undeclared funds.
The bill, which will go before parliament in September, could net the Greek state up to €5bn, explains I Kathimerini.
Under the terms of the bill, the government will have the right to liquidate assets of anyone found guilty of financial misdealing or corruption that is prejudicial to the state. If defendants cooperate with the procedure, their prison sentences could be limited to a maximum of two years. However, politicians and public servants will be excluded from benefiting from the new law.
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