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Cyprus’ President-related company transfers €21mn to London prior to bailout agreement

 
Beetlejuice

User ID: 24275689
Netherlands
04/01/2013 04:15 AM

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Cyprus’ President-related company transfers €21mn to London prior to bailout agreement
Cyprus’ President-related company transfers €21mn to London prior to bailout agreement


A company owned by in-laws of Cypriot President Nicos Anastasiades wired €21 million from Laiki Bank to London days before the Eurogroup’s crisis-triggering levy proposal, claims a Cypriot newspaper. The president demands an investigation.

During two days, 12 and 13 of March, the company A.Loutsios & Sons Ltd., co-owned by Loutsios John, the husband of Nikos Anastasiadis’ daughter, Elsa, took five promissory notes worth €21 million from Laiki Bank. The money was then transferred to London, reported Cypriot newspaper Haravgi, affiliated to the communist-rooted AKEL party.

The withdrawal was fulfilled just three days before the Eurogroup meeting when euro finance ministers agreed a 10 billion euro ($13 billion) bailout for Cyprus.

Read more: [link to rt.com]
Anonymous Coward
User ID: 37234346
Ukraine
04/01/2013 04:30 AM
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Re: Cyprus’ President-related company transfers €21mn to London prior to bailout agreement
it's his hard earned money, why should he be sharing it with the damn socialists in brussels
Beetlejuice (OP)

User ID: 24275689
Netherlands
04/01/2013 05:02 AM

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Re: Cyprus’ President-related company transfers €21mn to London prior to bailout agreement
Meanwhile for 'normale' citizens: [link to www.geenstijl.nl]

Last Edited by Beetlejuice on 04/01/2013 05:09 AM

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