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Financial Mirror (Cyprus) - - FRONT PAGE -

Pres­i­dent Ni­cos Anas­tasi­ades will seek legal ad­vice from the At­tor­ney Gen­eral to see how Cen­tral Bank Gover­nor Chrys­talla Ge­orghadji can be sacked, if at all, a year af­ter a sim­i­lar case forced the pre­vi­ous cen­tral­banker out of of­fice.

Po­lit­i­cal party lead­ers pressed the Pres­i­dent on Sun­day to fire Ge­orghadji, cit­ing a con­flict of in­ter­est, but clearly miffed that the names of 29 MPs were leaked to the press as hav­ing bad loans which they have not re­paid.

But the plot thick­ened af­ter one of the two ex­ec­u­tive di­rec­tors of the cen­tral bank quit last week say­ing that Ge­orghadji was us­ing the list to black­mail mem­bers of par­lia­ment and that she had al­legedly claimed at a cen­tral bank board meet­ing that the Deputy At­tor­ney Gen­eral was on the take from a lead­ing law firm in Li­mas­sol, one that was rep­re­sent­ing the state in re­claim­ing as­sets from the big­gest share­hold­ers of the now de­funct Laiki Bank.

The con­flict of in­ter­est that politi­cians al­luded to was that Ge­orghadji’s for­mer hus­band con­tin­ued to rep­re­sent the Laiki mega share­hold­ers, An­dreas Vgenopou­los, a mat­ter that seems to have been re­solved on its own af­ter An­dreas Ge­orghadji re­port­edly said on state ra­dio on Mon­day morn­ing that he would stop rep­re­sent­ing Vgenopou­los.

Gov­ern­ment Spokesman Ni­cos Christodoulides said that Euro­pean Cen­tral Bank Pres­i­dent Mario Draghi had been in­formed of Anas­tasi­ades’ in­ten­tions, hav­ing learned the hard way last year that he could not eas­ily sack for­mer Gover­nor Pan­i­cos Deme­tri­ades, charged with al­low­ing the econ­omy and the bank­ing sys­tem to melt down on his watch.

Mean­while, Chrys­talla Ge­orghadji said that she will con­tinue in her du­ties, while the re­main­ing mem­bers of the Cen­tral Bank board said that it was very awk­ward to work with her as long as there was a con­flict of in­ter­est.

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