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Archive for September, 2014

Cyprus anti-corruption hotline

Transparency International, the global coalition against corruption, will introduce an anti-corruption hotline in Cyprus on 2nd October to guide and support those who encounter corruption.

Aristo detention order extended

The Paphos District Court renewed the detention order against four of the suspects in the Aristo Developer’s fraud case yesterday after the trial judge accepted a request from the police.

A vicious circle of deceit

Unfortunately, our children will also have to pay for those who brought the country down by their lies and deceit. But rather than glorify them as eternal heroes, they will refer to them as vermin.

Aristo fraud suspects quizzed by police

One of the suspects in the Aristo fraud case has admitted forging a Land Registry document but claimed that he was under instructions by his superiors and that this was standard practice.

Crocodiles will not sink teeth into new home

The proposal to build a 1,000 crocodile theme park at Psematismenos in the Larnaca district by a consortium of Israeli and Cypriot businessmen has been rejected by the House environment committee.

Property scam shows ugly face of corruption

It has been a long common secret that if you want anything done with your property, then you need to know the right people, in the right place and have the right amount in your pocket.

Alpha Panareti slapped by CCPS over unfair contract

The CCPS has ruled that a contract to purchase an apartment between Alpha Panareti and a Scottish woman breaches the provisions of law 93(I)/1996 on unfair terms in consumer contracts.

Aristo investigation widens (Update)

The police investigation into the activities of Theodoros Aristodemou, the founder and managing director of Aristo Properties, has widened to probe other developments built by the company.

Aristo ruling expected today (Update)

The Paphos District Court is expected to rule today whether Theodoros Aristodemou and three others, including his wife Sotiroulla, should be remanded in Police custody for eight days.

Non-performing loans at €29 billion

Non-performing loans (NPLs) in the Cypriot banking system continued their upward trend in July reaching €28.88 billion; 47.17 per cent of the total amount of loans according to the island’s Central Bank.

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