CBC Gov­er­nor con­tract saga goes on

Financial Mirror (Cyprus) - - FRONT PAGE -

Cen­tral Bank Gov­er­nor Chrys­talla Ge­orghadji ad­mit­ted dur­ing her tes­ti­mony at the House Watch­dog Com­mit­tee that she changed the terms of her em­ploy­ment con­tract, end­ing weeks of spec­u­la­tion and al­le­ga­tions that re­sulted in most po­lit­i­cal par­ties de­mand­ing her res­ig­na­tion.

But the pres­sure was partly set back last week when her daugh­ter quit the fam­ily law firm where her em­ploy had raised eye­brows as it rep­re­sented for­mer Laiki strong­man An­dreas Vgenopou­los and cen­tral­banker Ge­orghadji may have had a say in bank ad­min­is­tra­tion is­sues. The bone of con­tention over the con­tract lied in the fact that Ge­orghadji had re­moved clauses that pre­vented di­rect fam­ily mem­bers from be­ing em­ployed in sec­tors which could re­sult in con­flict of in­ter­est, but also that the pay scale had been in­creased from her pre­de­ces­sors’ wages. She said that she had vet­ted the changes with the At­tor­ney Gen­eral’s of­fice and that her pre­de­ces­sor earned 1700 euros a month more than what was in her con­tract.

On the other hand, Au­di­tor Gen­eral Odysseas Michaelides found that Ge­orghadji was earn­ing 10,000 euros a year more than Pan­ic­cos Deme­tri­ades, and that he would in­ves­ti­gate the mat­ter more to re­solve the con­fu­sion, while Ac­coun­tant Gen­eral Rea Ge­orghiou was asked to pro­duce a full state­ment of the Gov­er­nor’s earn­ings to date.

The Gov­er­nor told MPs that she had briefed Ni­cos Anas­tasi­ades with a memo, de­spite the Pres­i­dent’s claims of the op­po­site last month. How­ever, she clar­i­fied that the con­tact per­son with the Pres­i­den­tial Palace had been me­dia con­sul­tant Makar­ios Drous­si­o­tis.

The Di­rec­tor of the Pres­i­dent’s of­fice, Panayi­o­tis An­to­niou said that ini­tially Ge­orghadji was pre­sented with the for­mer Gov­er­nor’s con­tract where only the names had been changed. He sub­se­quently went on an over­seas trip and upon his re­turn pre­sented the terms of em­ploy to Pres­i­dent Anas­tasi­ades. As the Pres­i­dent was too busy with other mat­ters, An­to­niou said that dur­ing his ab­sence Makar­ios Drous­si­o­tis would co­or­di­nate the changes to the con­tract.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.