Metro Group has dismissed all the top management at the Greek arm of its Makro Cash & Carry subsidiary during an examination into administrative irregularities, according to the German retail press.

Country manager Anastasios Michaelidis, non-food director Jan Casander and finance director Fotis Kalogeropoulos have left the company before completion of the investigation.

Metro Cash & Carry International has denied rumours that Makro wants to withdraw from Greece in view of the recent events.