For years, Yiannis Panagopoulos has been one of the most recognizable
For years, Yiannis Panagopoulos has been one of the most recognizable faces of Greece’s labor movement, leading the country’s largest private-sector union, through economic crisis, austerity and political upheaval.
Now, he is at the center of a sweeping investigation into allegations that more than €73 million in public and European Union funds earmarked for worker training programs may have been misappropriated.
An urgent preliminary investigation was ordered by Greece’s financial prosecutor, Panagiotis Kapsimalis, after Greece’s Anti-Money Laundering Authority delivered a 65-page report outlining suspected felony offenses, including embezzlement and money laundering. The investigation concerns funding distributed between 2020 and 2025 to vocational training institutes affiliated with the General Confederation of Greek Workers (GSEE).
Prosecutors have frozen bank accounts and certain assets belonging to Mr. Panagopoulos, five other individuals and six companies cited in the report. According to the findings, the freeze also applies to two properties linked to those under investigation.
The case has been assigned to a financial prosecutor, who is expected to formally notify the individuals involved, setting in motion deadlines for appeals against the asset freezes. Investigators will examine bank records, property transactions and the movement of funds, working with banks, land registry
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