LARNACA – All eight people accused of involvement in the Dromolaxia property fraud investigation were ordered on Tuesday to stand trial before the Larnaca Criminal Court on March 7.
The defendants are: Head of the Cyprus Telecommunications Authority (Cyta) trade union (EPOET) Orestis Vasiliou, Senior Cyta Marketing Manager Yiannis Souroullas and his brother Cytavision head Gregoris Souroullas, Akel members Venizelos Zanettos and Christos Alekou, jewellery shop owner Antonis Ioakim, former Cyta boss Stathis Kittis, former Electricity Authority of Cyprus (EAC) head Charalambos Tsouris and the company Polleson Holdings Ltd.
They had been scheduled to stand trial separately but will now be grouped together after a joint charge sheet was submitted to the court
The defendants, who were released by the Larnaca District Court on Tuesday after each paying the court €100,000 bail, face 33 counts including conspiracy to commit a crime, bribery, fraud and abuse of authority.
The property in question was bought from a Turkish Cypriot man 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.