Olympiakos chairman released on bail

Owner of Greek champions Olympiakos Piraeus Vangelis Marinakis (C) talks with his associates before a Greek Cup game between Olympiakos and Niki Volou at the Karaiskaki stadium in Piraeus. File Photo: Alkis Konstantinidis

Owner of Greek champions Olympiakos Piraeus Vangelis Marinakis (C) talks with his associates before a Greek Cup game between Olympiakos and Niki Volou at the Karaiskaki stadium in Piraeus. File Photo: Alkis Konstantinidis

Published Jun 18, 2015

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Athens - The chairman of Greek champion Olympiakos has been suspended from sporting activities and released on bail after testifying at an investigation into alleged corruption in Greek football.

Court officials say Vangelis Marinakis has been ordered to appear twice a month at his local police station as part of the conditions of his bail, which was granted after testifying Thursday for more than five hours.

The bail was set at 200 000 euros.

Prosecutors are investigating allegations that Marinakis led a criminal organisation that instigated bribes and blackmail attempts to try and fix results in the top flight of the Greek league.

Marinakis denies the allegations, accusing rival clubs of making false claims against him.

The investigation is ongoing and no decision has been made on whether Marinakis will stand trial.

ANA-AP

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