Yanis Varoufakis Facing Prosecution Over ‘Plan B’ Plot

Meanwhile, five separate suits have been put forward against a team of experts, including the world-renowned economist James Galbraith, whom Mr Varoufakis allegedly drafted in earlier this year to help to hatch the plan. However, the Greek Parliament may decide to overturn that rule after reviewing the allegations. The charges would involve violation of privacy data, breach of duty, violation of currency laws and belonging to a criminal organization. A third suit was expected to go to Parliament after a group of five lawyers said they were seeking an investigation into whether any non-political figures should face criminal charges in connection with the Varoufakis affair.

In a phone conversation with Lord Norman Lamont (former UK Conservative Chancellor) and dozens of worldwide investors, Varoufakis said an alternative payments system that he and a small group had been surreptitiously working on could have been used to “hack” his own ministry in the event of a banking crisis, and the same system could also bring back the drachma.

The furore piled new pressure on a premier struggling to contain a leftist party revolt.

The EU on Tuesday sharply denied claims by Greece’s ex-finance minister Yanis Varoufakis that creditors overseeing Greece’s bailout also controlled the country’s tax agency.

At one point, the moderator cautioned Varoufakis that other people were listening to the teleconference but would not repeat its contents.

Prosecutors looking into secret working group convened by former finance minister.

It was reported over the weekend that Varoufakis and former Energy Minister Panagiotis Lafazanis had discussed a plan that involved raiding the Greek central bank’s reserves and hacking into taxpayer accounts in order to return to its old currency.

“Greece’s Ministry of Finance would have been remiss had it made no attempt to draw up contingency plans”, the statement said, adding that the unit worked within government policy and its recommendations were aimed at keeping the country in the euro zone.