Jumbo says has no connection with former executive's alleged illegal activities

Jumbo SA

31/10/2018 09:51

ATHENS, Oct 31 (Reuters) - Greece's biggest toy retailer
Jumbo  BABr.AT  said on Wednesday that its deputy vice-chairman
has resigned and that the retailer has no knowledge or
involvement in alleged irregular activities of the executive in
a private capacity.
    A Greek news website reported on Tuesday that Evangelos
Papaevangelou had set up a real estate company which had
allegedly a role in facilitating Chinese to buy Greek real
estate, circumventing capital restrictions in their home
country.
    Jumbo said it was not linked to Papaevangelou's personal
business activities in the real estate sector.

 (Reporting by Angeliki Koutantou)
 ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436;
Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))