Former Finance Minister Gikas Hardouvelis justified his decision to send cash abroad in May 2012, citing fears at the time of Greece exiting the eurozone.

Speaking on Star TV, the ex-minister admitted to sending cash abroad at the time when he was a financial adviser to then prime minister Lucas Papademos, adding, however, that the money had been declared and taxed in Greece.

Commenting on the subject on Monday, government spokesman Gavriil Sakellaridis noted that several questions remained unanswered, including why the former minister had allegedly delayed declaring the cash for two years.