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Cyprus News Agency: News in English, 13-05-01

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Allegations of money laundering in Cyprus are not confirmed
  • [02] Bank of Cyprus elects new chairman
  • [03] Eurogroup decision was political, says Attorney General

  • [01] Allegations of money laundering in Cyprus are not confirmed

    Allegations of money laundering in Cyprus are not confirmed, the Minister of Finance has said.

    Moneyval and Deloitte carried out an investigation following allegations by EU states, especially Germany, that there is money laundering in Cyprus.

    The investigation has been concluded, and according to Minister of Finance, Harris Georgiades, "the results for Cyprus are much better than some outside Cyprus might like to present".

    voulibuilding100.jpg

    [02] Bank of Cyprus elects new chairman

    Sophocles Michaelides has been elected Chairman of the Bank of Cyprus transitional board of directors.

    The board, in its first meeting after its members were appointed by the Central Bank of Cyprus, also elected Erol Riza Vice-Chairman of the board.

    [03] Eurogroup decision was political, says Attorney General

    The Eurogroup decision on Cyprus of March 25, belongs to the political realm and constitutes as such an ‘Act of Government', was the message sent by Attorney General Petros Clerides during his closing argument before the plenary of the Supreme Court, on Tuesday.

    The pre-trial process concerns a large number of appeals against certain decrees issued by the Central Bank concerning the two largest banks of Cyprus, namely Bank of Cyprus and Cyprus Popular Bank.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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