01 May 2014 10:32

 House Institutions Committee MPs yesterday decided not to publicise the list of 11,000 names of legal and natural persons who transferred money abroad before the haircut on deposits between March 1 and 15.
During an emergency meeting held yesterday morning, the committee decided not to release any names until the Central Bank has completed its own investigation of the information regarding deposit outflows.
Central Bank Governor Chrystalla Georghadji said on Tuesday that the evidence was insufficient or problematic and a deadline has been set until June to complete the processing of information.
Speaking after the meeting chairman Demetris Syllouris said that the committee has unanimously decided to define and expand the term ‘politically exposed persons’ in order to include anyone involved in all aspects public life including politics, business, media or other public figures.
He said that based on the definition provided the names of those who are truly exposed will be revealed and not tens of thousands of names.
Before the Easter break, the committee had unanimously decided to publicise the names, but votes from Akel and Disy yesterday overruled that decision.
Nevertheless, all members decided that politically exposed persons will be named by June.
During the meeting three proposals regarding the publication of 6,000 names included on the list were supported by Diko, Edek and Evroko.
Another proposal regarding the publication of a digital list including deposits and the names on the list of outflows that took place between March 16 and 27 was only backed by Edek.
Disy MP Andreas Kyprianou said for reasons of public interest the names of those who transferred money abroad without permission during the time when banks were closed should be handed over to the legal service.
Diko MP Fytos Constantinou said he was not pleased with the change in decision as his party favoured the publication of all names, adding that it will be difficult to locate politically exposed persons and those who are hiding behind company names.
Greens MP Giorgos Perdikis referred to a ‘coup’ by Disy and Akel which overturned the committee’s original decision following an intervention by the two parties.
He vowed to publicly list the 6,000 names linked to deposit outflows.
The final draft of the report will now be sent to President Anastasiades and the Attorney General before they meet with the committee.


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