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CLARIFICATION STATEMENT ON SUSPECTED FRAUD


It has come to our notice that there have been incidents of fraud pertaining to the misrepresentation of our corporate identity. Names of Pytheas’ company executives have also been fraudulently misrepresented...


Helliniki Techniki S.A. (HT) of Greece engages PYTHEAS as its strategic advisor for the collection of dues owed to HT by the Iraqi Government.

Helliniki Techniki, a leading in the 90s Greek construction company and one of the very few with successful at the time international track record, has undertaken and delivered in Iraq four of the most prestigious projects, such is, the "Building Complex of the Ministry of Foreign Affairs", "Hotel Babylon" - a five-star hotel, the "Building Complex Offices and Multi-Storey Parking at Rassafi Square" and the "Baquba Bridge and Access Roads".

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Did you know?

that the revenue that is generated from gambling is more than the revenue derived from movies, cruse ships, recorded music, theme parks and spectator sports combined?

that of all the restaurants that are opened, 90% of them fail in the first year and of the remaining ones that survive, 90% of those fail in the second year?

that recycling steel saves 75% of the energy that would be used to create steel from raw materials, enough to power 18 million homes?

that Pytheas through its Soil Water + Life Solutions is probably the only entity world wide that can provide a-no-chimney-no-landfill-solution for the treatment of municipal solid and liquid waste?

that Pytheas has presence in 41 countries?

that the Boeotian Hesiod about 3000 years ago theorized on the entrepreneurship typical of the market (an early laissez-faire), identifying the effects of government debasement of the coinage, which causes a decrease in its purchasing power (think Adam Smith, Keynes and post Keynes), arguing about the importance of competition and the importance of justice and the law in order to foster order and harmony in society?

that Pytheas the ancient Greek explorer, mathematician, astronomer and navigator must have travelled to the American continent at the time of Alexander the Great?

that in a lifetime the average European or North American will discard more than 600 times his or her adult weight in garbage and about a ton of trash per person per year?

that annually, the amount of garbage that is dumped in the world’s oceans is three times the weight of fish that is caught from the oceans?

that 1 recycled tin would save enough energy to power a television for 3 hours; 1 recycled glass bottle would save enough energy to power a computer for 25 minutes; 1 recycled plastic bottle would save enough energy to power a 60-watt light bulb for 3 hours?

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