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Aristo trial court ruling July 28

The court will issue its judgement in the case against Theodoros Aristodemou, the founder of Aristo developers and former chairman of the Bank of Cyprus, and three others on July 28.

Case against Aristo stands

The Paphos criminal court has ruled that there is a case against Theodoros Aristodemou, the head of Aristo Developers Limited, and three others relating to the illegal division land at Skali.

Paphos mayor in court today (Update)

Savvas Vergas, the Paphos mayor, is scheduled to appear before the Paphos District Court today in connection with threatening SMS messages sent to a number of people involved in the Aristo case.

Aristodemou: trial date set (update)

The boss of Aristo Developers, Theodoros Aristodemou, and three of the other four suspects in the alleged Skali land scam were released under terms on Tuesday until their trial on 30 October.

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.

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.

Aristo remand hearing adjourned

The court hearing to remand Theodoros Aristodimou, the founder and managing director of Aristo Developers had to be adjourned following his admittance to hospital with high blood pressure.

Lawsuits filed against banks

SYMEA, a trade union established earlier this year intends to block the repossession of mortgaged properties by taking local banking institutions to court according to its president Andreas Alambritis.

Distressed borrowers threaten to revolt

As banks are taking defaulting borrowers to court rather than exhausting options under the Cyprus Central Bank’s directive on loan restructuring, distressed borrowers are threatening to freeze loan payments.

Fugitive lawyer appears in court

A lawyer, who was believed to have fled Cyprus with his wife in 2006 allegedly taking with him client funds estimated to be more than three million Cyprus Pounds, has appeared in court.

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