Folli Follie: “He was healthy and Asia and Europe – Some things were beautiful,” says Dimitris Koutsolioutsos

For the second meeting of the Athens Chamber of Appeals Dimitris Koutsolioutsos continued today, Wednesday (27.03. 24) his apology in the case of her falsified balance sheets, however, with the process completed early, as the defendant stated, through his defence, an inability to continue. At the beginning of the proceedings, Folli Follie was asked to release the company’s assets, although the issue is pending in the Supreme Court, which was dismissed by the court. The founder of the company, Dimitris Koutsioliotsos, apologizing to the court, continued to relate how they built the Folli Follie group together with his wife. In fact, he explained that from meeting a couple in Paris they managed to enter the American market. “We set up a company and made great success, especially at the Hollywood store. The actors were asking us to make them jewelry. Madonna was here. We opened stores in the best parts of America,” the defendant said. Afterwards, Dimitris Koutsolioutsos particularly charged, broke out for what is written for him and his company. “All that I see does not respond to reality. I show up as a crook with a company that didn’t exist when there were more than 500 stores. We had 1.7 billion certified expenses, to have them you have to have revenue, which was much bigger,” Dimitris Koutsolioutsos said. However, in response to questions from the president, she did not deny that there was a… “beautification”. President: So what happened? Accused: What happened was that some things were pretty. President: Who handsomed them? Accused : There were two companies that had an entity. These did not join the group, but was owned by Folli. The profits went to these companies. President : Tell us about the beauty… Accused : We had employees, stores, revenue and expenses. I don’t have my evidence to prove, I don’t have the bank extras. In any case, what Dimitris Koutsioliotsos made clear is that everything he had put in the company. “In May 2018 I put in the company 6.5 million instead of taking, when things were difficult, I bought shares, I didn’t sell. It was healthy both Asia and Greece. All my 40-year-old labor left from 2018 to today. I don’t owe anywhere. I feel bad about the small investors who lost money, I feel bad about the executives who ate large fines, I want to restore this,” said Mr. Koutsolioutsos, adding that “I am accused of being all fake, while it was all true.” Dimitris Koutsiolitsos’ apology continues tomorrow.