Monday October 26, 2020

Kallakis jailed for seven years

Business tycoon Achilleas Kallakis has been jailed for seven years after being found guilty of a stg£740 million fraud against AIB.

17th January, 2013

Business tycoon Achilleas Kallakis has been jailed for seven years after being found guilty of a stg£740 million fraud against AIB.

His co-conspirator Alexander Williams received a five year sentence at Southwark Crown Court.

The defendants, who operated out of a Mayfair office as the Pacific Group of Companies, conspired over a five-year period (2003-2008) to defraud AIB by using forged or false documents or claims in order to obtain substantial loans to finance...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago