Nikolas Giakoumides/AP
A police officer stands outside the villa of kidnapped Greek industrialist Giorgos Mylonas, in
the Panorama suburb of Thessaloniki, northern Greece, Tuesday, June 10, 2008 (AP).

No Motive Determined in Greek Industrialist Kidnapping

June 10, 2008 03:22 PM
by Cara McDonough
Greek police are searching for leading industrialist Giorgos Mylonas, who was abducted at gunpoint by unknown assailants Monday night.

30-Second Summary

Mylonas, 49, the chairman of the Federation of Industries of Northern Greece and chief executive of the Greek aluminum company Alumil, was kidnapped outside his home around midnight, officials said.

"All possibilities are being investigated. We have not been contacted by the kidnappers or have heard of any demands, but we can confirm that we have called in the antiterrorist unit to assist in the investigation."

According to Reuters, kidnappings in Greece are rare, although the country did experience a series of assassinations of businessmen and diplomats from 1975 to 2003, mostly the work of a now-dismantled urban guerrilla group, called November 17.

The assailants were reportedly carrying automatic weapons and Mylonas’s car was found about two miles from his home, in the northern Greek city of Thessaloniki.

Mylonas’s wife was with him at the time of the abduction, but was not harmed. The couple has three children. Mylonas has been CEO of Alumil since 1988.

Trading in Alumil was suspended at the company’s request on Tuesday after the incident.

Headline Link: Officials searching for Mylonas

Related Topic: Guerilla group November 17

Reference: Mylonas’s company, Alumil, and the Federation of Industries of Northern Greece

Background: Alumil’s expansion under Mylonas


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