Police raid offices of Greek PRO AEPI
The Hellenic Society for the Protection of Intellectual Property (AEPI) is accused by the public prosecutor of non-payment of €42m in royalties
News By IQ | 2 March 2017
Police have raided the Marousi offices of Greek performance rights organisation (PRO) AEPI as part of a probe into alleged financial mismanagement.
The Greek public prosecutor launched a fresh investigation into the finances of AEPI (Ελληνική Εταιρεία Προστασίας της Πνευματικής Ιδιοκτησίας, Hellenic Society for the Protection of Intellectual Property) following a report by TVXS that unearthed evidence of the society sitting on up to €42 million in unpaid royalties.
AEPI, which is reported to be close to €19m in debt, is also accused of granting illegal loans…
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