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> Greece

New trial for Trangas’ inheritance in Monaco

On Thursday, the appeal filed by Maria Karra against the decision of the First Instance Court, according to which the Greek courts are the only ones competent for the estate left by the publisher, will be heard

Newsroom June 24 12:56

Maria Karra does not give up—she is a key figure, along with Yiannis Trangas, in the inheritance thriller that has been unfolding for the past 3.5 years over the estate of the deceased.

This coming Thursday, both sides will meet again in the Principality of Monaco to discuss the appeal filed by the journalist’s last wife against the First Instance Court decision issued last March.

The court will not deliberate on the substance of the case but will discuss the objection raised by Yiannis Trangas’ lawyers, who argue that the courts of the Principality lack jurisdiction (in legal terms, international jurisdiction) to examine the issue of the late journalist’s estate.

According to the First Instance Court decision, both the publisher’s son and the Greek state, which appeared in his favor, managed to sufficiently prove that George Trangas was a resident of Greece, not Monaco, as his widow claimed in her petition.

After Thursday’s appeal hearing and the decision that will follow, a new legal chapter will begin for Maria Karra in September. This concerns the felony charges she faces for inaccurate asset declarations (“pothen esches”) and failure to submit such declarations from 2017 to 2022, for which she testified in August 2023.

In addition to what she stated to the investigating judge and prosecutor, she submitted a memorandum outlining her positions and paid a bail of €50,000—the highest amount that can be imposed on someone under investigation in this type of proceeding.

In September, through her lawyers, she will have to counter the felony charges brought against her by the competent audit and judicial authorities.

The Asset Freezes in France
After her judicial defeat in Monaco—where she failed to convince the court that the deceased and she were permanent residents of the principality—Maria Karra faced a new asset freeze.

This concerns properties in France. The financial prosecutors handling her case, Eleni Papadopoulou and Dimitris Apostolas, after identifying serious felony-level offenses, issued order No. 1/2025 on February 17th.

According to this order, the three properties of George Trangas’ estate in France were frozen: an apartment near Avenue Phos, a villa in Nice which the widow declared as her residence, and a villa in the famous resort of Saint-Tropez.

At the same time, the Greek tax authority (AADE), through a report compiled by auditors of the General Directorate of Tax Audits—finalized on April 3rd—conducted an income tax audit of Maria Karra and revoked her status as a permanent foreign resident.

The AADE report explicitly states that the journalist’s last wife is a tax resident of Greece, and now the audit has expanded to include her personally, opening a new chapter beyond that of the inheritance.

The Greek state requested judicial assistance from the authorities in Monte Carlo to examine Maria Karra’s bank accounts and safety deposit boxes, now as a Greek resident, but so far, there has been no response.

For the charges of tax evasion and money laundering, her assets in Greece were frozen, followed by the three properties in France.

Paris, Nice, and Saint-Tropez
George Trangas’ movable and immovable assets—including about 17 properties in Greece and abroad, millions in bank deposits, safety deposit boxes in two financial institutions in Monaco, and bank accounts—were known to very few.

However, nearly all of Greece knew about the villa in Nice, an impressive residence where Maria Karra claimed to live.

This villa, neighboring that of Sir Elton John, offers stunning views and amenities and was the first of the three French properties frozen by the prosecutors’ order, meaning that the widow can no longer exploit it.

As reported by protothema.gr, the property had been listed on an Airbnb-type platform and was occasionally rented out to those wanting to enjoy the beauty of the Côte d’Azur.

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The same was true for the villa George Trangas purchased in the idyllic resort of Saint-Tropez, a favorite destination of the international jet set for decades.

The villa, worth €2.5 million, was purchased with a €1.8 million loan approved by Monaco’s EFG bank. It is just steps from the beach, can accommodate six people, has a swimming pool, and was also rented out in recent years by the publisher’s widow, who acted as its manager.

Finally, there is the stunning third-floor apartment in central Paris, near Avenue Phos, valued at well over €3 million, which was also frozen by the financial prosecutors.

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