The UK’s Financial Conduct Authority (FCA) has withdrawn the arrest warrants for Konstantinos Papadimitrakopoulos and Dimitris Gryparis, respectively the former CEO and CFO of Globo plc.
In February 2019, the FCA obtained domestic and European arrest warrants for both Mr Papadimitrakopoulos and Mr Gryparis and sought to extradite them from Greece to face criminal charges of fraud and misrepresenting the value of shares of Globo before its collapse. November 2015.
The Greek Court of Appeal rejected the United Kingdom’s extradition requests for Mr. Papadimitrakopoulos and Mr. Gryparis. After refusing extradition, the Greek authorities initiated their own criminal proceedings, which were substantially similar to the offenses prosecuted by the FCA.
Mr Papadimitrakopoulos and Mr Gryparis were acquitted in these proceedings, respectively, in May and November 2021. The FCA was only recently able to confirm details of their acquittals in Greece.
In January 2024, following the FCA’s last review of the prosecution, having considered all relevant factors, including the available admissible evidence and the impact on the prosecution of the acquittals of Mr Papadimitrakopoulos and Mr Gryparis in the domestic Greek prosecutions, the FCA has decided that it is no longer in the public interest to continue the prosecution. Withdrawal of warrants and EAWs ends the prosecution.