NICOSIA - The head of the Cyprus Telecommunications Authority (Cyta) trade union (EPOET) Orestis Vasiliou was remanded Thursday for seven days in custody in connection with the Dromolaxia property fraud investigation.
According to the police, the suspect was arrested at Larnaca airport in the morning after returning to Cyprus on a flight from Athens.
Also in custody are Cyta boss Stathis Kittis, Senior Cyta Marketing Manager Yiannis Souroullas and his brother Cytavision head Gregoris Souroullas. They all face charges of conspiracy to commit a crime, bribery, fraud and abuse of authority.
An investigative committee was appointed in June to probe allegations that a Turkish Cypriot owned property in Dromolaxia had been fraudulently purchased by a Greek Cypriot businessman and later sold to the Cyprus Telecommunications Authority (CyTA) Pension Fund.
Officials from the Cyprus Intelligence Agency (KYP) are also under investigation on suspicion that they forged documentation to facilitate the illegal land purchase in Larnaca.