A Greek parliamentary party has been found to have used phantom companies to siphon funds from the national social security agency, EFKA, according to recent investigative reports. The scheme involved multiple shell companies, some of which were registered under fictitious names, allowing the group to exploit loopholes in the system. These companies were used to make fraudulent deposits, which were then withdrawn as cash.
The investigation, conducted by internal auditors, uncovered a pattern of irregularities over several years. Documents show that the party received payments through these fake entities, which were disguised as legitimate business operations. The funds were allegedly used to finance political campaigns and personal expenses of party members.
This discovery comes amid ongoing scrutiny of financial transparency in Greek public institutions. The EFKA, responsible for managing social security benefits, has faced criticism in the past for administrative inefficiencies. The case highlights the need for stricter oversight of financial transactions involving public funds.
The scandal is part of a broader trend of corruption allegations in Greek politics, with several high-profile cases emerging in recent months. While no officials have been formally charged yet, the findings have prompted calls for an independent review of the EFKA’s financial systems. The situation underscores the challenges of maintaining accountability in public administration.
