21 February 2014 11:28

Investigations into the reasons behind the economic meltdown and subsequent financial crisis are on track and in the coming weeks the first criminal cases will be presented before the courts, Attorney General Costas Clerides said yesterday.
Speaking after meeting President Anastasiades and Deputy AG Rikkos Erotokritou at the Presidential Palace, Clerides told reporters that with the help of experts from the UK and Ireland, some criminal cases are ready or almost ready.
They are expected in court within the next few weeks, regardless of the time it will take to complete the full investigation.
“I will not make particular statements on the issue only because I truly believe that the time for statements is over and the time for actions must begin,” said Clerides.
“This is why I will ask you to be a little more patient and we hope that with the help of experts from abroad whose help we will have in a matter of days, but also independently of that, within the next few weeks we will have tangible results,” he added.
The meeting took place at the request of the President, following reports that the probe was at a standstill due to delays in hiring foreign experts, while Cypriot experts on banking issues may also be recruited to assist with the investigations.
It also emerged that the authorities have located banks overseas where significant amounts had been transferred prior to the Eurogroup decision in March to haircut deposits, but the investigation needs to move forward in order to freeze those accounts.
Clerides added that apart from the probe on the economy, other issues discussed included the course of various draft bills which are significant for Anastasiades, such as the responsibility of the president and vice-president of the republic, the president’s immunity and the need to conform to court decisions.
Commenting on whether the draft bills discussed are related to developments, Clerides stressed that they were not but instead had to do with various pre-election commitments of the president which are at an advanced stage.
Adding his voice, police Chief Michalis Papageorgiou yesterday confirmed that investigations are moving at a fast pace and that a meeting has been called with President Anastasiades to discuss the latest evidence in the probe.


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