15 May 2014 07:19

NICOSIA - Cyprus’ former central bank governor Christodoulos Christodoulou was charged on Wednesday morning with eleven counts of conspiracy to commit a crime, fraud and circulating forged documents along with his daughter, his former son-in-law and the company AC Christodoulou – standing as a legal entity.
Christodoulou, who also acted as finance minister between 1994 and 1999, pleaded not guilty to the charges at the Nicosia District Court alongside his daughter Athena and her ex-husband Andreas Kizourides. They were released on a €5,000 bail and will appear in court again for their trial on June 27.
Christodoulou ,75, has vehemently denied any wrongdoing regarding the suspicious 2007 transfer of €1 million from a Greek ship shipping company’s account to his daughter’s company.
According to the police investigation, two years later, the €1m was then transferred to an account in Laiki Bank.


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