Greek Bakery Chain Says Accounts Frozen by Mistake in $116 Million Fraud Probe
A Greek bakery chain whose bank accounts were frozen in a sweeping fraud investigation says it has no link to the case beyond its brand name. It warned that the freeze threatens the wages of its 1,000 employees. Bread Factory has asked Greece's Anti-Money Laundering Authority to lift the freeze. It argues that the authority's order resulted from an obvious error, likely caused by the shared trade name, the company said in a request reported Thursday. The authority froze dozens of accounts after police arrested Angelos Giannakopoulos, owner of the Horiatiko bakery chain, and dozens of other