Entities

What Is the Pytheas Group?

Pytheas is a group of Cyprus-based entities operated by H. Samaras, Martin Model's primary business partner. The Pytheas entities co-operated several investment structures with the Corinth Group.

Through Pytheas, Samaras announced a USD 100M investment in Morepen Laboratories (India) and a USD 64M acquisition of Addvalue Technologies (Singapore) — neither deal shows evidence of completion in public filings.

Samaras and Model are named together in multiple independent fraud reports. The Pytheas-Corinth relationship is documented through shared directors, shared addresses, and joint announcements.

[Source: CySEC register, Cyprus company registry, BSE/NSE filings]

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