Pizza Fan Investigation Reveals €1.28 Million in Cash Deposits and Frozen Assets

The Hellenic Anti-Money Laundering Authority has identified cash deposits totaling €1,287,155 over a period of less than two years, as part of a further investigation into the Pizza Fan case. This amount is detailed in a new nine-page asset-freezing order, numbered 72/2026 and dated November 9, 2026, signed by the Authority’s president, Honorary Deputy Prosecutor of the Supreme Court Charalambos Vourliotis.

According to the document, the Authority’s further investigation established that these cash deposits were made into the bank accounts of the company "FANATICS PIZZA SERVICES AND RESTAURANT MANAGEMENT LTD" between January 1, 2025, and October 20, 2026. This finding is part of the new order, under which the Authority is proceeding with the freezing of assets belonging to nine individuals and two companies named in the relevant case file.

In addition, five properties have been identified for freezing, with the total proceeds of crime allegedly obtained by those involved through the activities under investigation estimated to amount to at least €35 million. The order names nine individuals against whom a case file has been compiled, as well as two legal entities linked to the case: "FANATICS PIZZA SERVICES AND RESTAURANT MANAGEMENT LTD" and the foreign company "FANATICS PIZZA DELIVERIES AND FOOD SERVICES LIMITED," which reportedly operates exclusively outside Greece. The offences under investigation include forming a criminal organization, tax evasion, fraud against the Greek State, and money laundering.

The Authority emphasizes that the investigation uncovered serious indications that funds allegedly derived from illegal activities were used to finance business operations and acquire real estate. Particular attention is drawn to the section of the order concerning the real estate owned by the individuals under investigation. Specifically, five properties in Attica have been identified for inclusion among the assets being frozen. These include an apartment in Kifissia, a holiday home in the Lavreotiki area, an apartment with a parking space in Zefyri, and an apartment and a storage unit in Ilion.

Mechanisms of Concealment Uncovered

According to the order, the first two properties belong to Konstantinos Antaras, the third to D.R., and the final two to A.R. The reasoning set out in the order also describes the alleged mechanism used to conceal income, which had already come to light during the investigation into the case. The findings of the competent authorities suggest that the alleged interference occurred within the electronic system used to receive orders and issue receipts, through special software configuration.

Follow The Money

The "treat – receipt" option allegedly allowed the avoidance of issuing tax receipts for orders that had been prepared and delivered to customers. This method, according to the case file, concealed revenue from the outlets’ actual sales, resulting in the failure to pay the corresponding taxes. Simultaneously, those involved allegedly submitted false declarations concerning staff employment to evade social security contributions.

Under order 72/2026, the freezing of bank accounts, securities, investment assets, and financial products belonging to the individuals and legal entities named in the document has been mandated, up to the amount of the estimated proceeds of crime. However, specific exemptions have been provided to ensure that the measure does not prevent the meeting of basic living needs or disrupt business operations. Exemptions apply to funds intended for employee payroll, supplier payments, tax and social security liabilities, as well as other essential operating expenses.