He founded or acquired other companies, including: In 2012, Kontominas took back the shares of Alpha TV[14] when RTL Group decided to exit.
Kontominas was the president of DEMCO GROUP, one of Greece's largest investment holding companies.
In its heyday, the company owned Village Group (cinema and films), Alpha TV and Alpha Radio, Intertech (Panasonic's exclusive representative in Greece), Prime Insurance, myDirect online insurance, Sportday newspaper and many more.
The case is also linked to another financial scandal involving another 300 million euros worth of losses due to bad loans made to a property developer.
The accused faced charges including fraud, money laundering and complicity in malpractice.