23 December 2013 09:29

  A report by the investigative committee probing allegations that a Turkish Cypriot property in Dromolaxia was fraudulently purchased by a Greek Cypriot businessman and later sold to the Cyprus Telecommunications Authority (CyTA) Pension Fund has been delivered to Cabinet.
Committee head Eleonora Nicolaidou on Friday handed the 300-page report to Cabinet secretary Theodosis Tsiolas but refrained from discussing its content with the media.
“The report can only be made public after approval has been given by the Attorney General.”
Speaking to the media Tsiolas confirmed that the report will also be delivered to President Anastasiades and will be discussed in-depth during the next Cabinet meeting.
The property in question was bought from Turkish Cypriot Moustafa Moustafa in 2010 for €10 million and sold the following year to the Cyta Pension Fund for €22m.
The land provisions were upgraded suspiciously fast while several high-ranking CyTA officials resigned in the wake of the investigation.
Larnaca football club owner Nicos Lillis and Cyprus Intelligence Agency (KYP) officers Kostas Miamiliotis and Lefteris Mouskos are set to stand trial on March 4 and face charges relating to their alleged involvement in the illegal purchase of the property.
Akel party members Venizelos Zanettos and Christos Alekou were earlier this year remanded in custody in line with the investigation along with jewellery shop owner Antonis Ioakim.
Head of the Cyprus Telecommunications Authority (Cyta) Stathis Kittis, Cyta union (EPOET) head Orestis Vasiliou, Senior Cyta Marketing Manager Yiannis Souroullas and his brother Cytavision head Gregoris Souroullas have also been investigated in the case.
Police said that although most of the suspects have been released from custody a number of them will be charged following the conclusion of the investigation.
Kittis resigned from his position following his implication in the case.


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