Olymiakos owner Vangelis Marinakis banned from football over corruption allegations
Last Updated: 18/06/15 3:06pm
Vangelis Marinakis, owner of Greek champions Olympiakos, has been banned from football as an investigation continues into allegations that a criminal organisation is controlling the domestic game.
According to judicial sources, the shipping magnate has also been ordered to report to police every 15 days on strict bail terms.
Marinakis was released on bail of 200,000 euros after giving testimony to Athens prosecutor George Andreadis in a seven-hour hearing.
The Olympiakos president is accused of being involved in and directing a criminal organisation, aiding and abetting blackmailing, aiding and abetting extortion, and aiding and abetting bribery and fraud.
Marinakis must now quit as president of Olympiakos but he can retain ownership of the company that runs the club.
The development has serious ramifications for the Super League winners who are due to take part in next season's Champions League.
According to media reports, runners-up Panathinaikos and third-placed PAOK Salonika have prepared complaints to organisers UEFA that question whether Olympiakos should be allowed to compete in Europe.
Marinakis' hearing came 24 hours after former Hellenic Football Federation (EPO) president Giorgos Sarris was banned from football and ordered to remain in Greece as part of his bail terms.
Sarris, president of the EPO from October 2012 to December 2014, was released on bail of 50,000 euros. He denies all accusations.
He faces charges including constituting and directing a criminal organisation, fraud, blackmail and bribery.
The latest Greek football scandal, following the 'Koriopolis' match-fixing probe of 2011, emerged in April when a 173-page document was revealed by prosecutor Aristidis Korreas and prompted a nationwide investigation.
Korreas' document contained transcriptions of telephone tapping operated by the National Intelligence Service.
It is alleged that Marinakis and EPO officials Sarris and Theodoros Kouridis were responsible for directing a criminal organisation since 2011 with the aim of "absolute control of Greek football's fate by the methods of blackmailing and fraud".