Aristo ac­quit­ted in Paphos land case

Financial Mirror (Cyprus) - - FRONT PAGE -

A court in Paphos has ac­quit­ted Theodoros Aris­tode­mou, his wife Roulla and two oth­ers, from charges of fraud and forg­ing public doc­u­ments in re­la­tions to a land deal in the Skali area where Aristo De­vel­op­ers had been pre­par­ing a ma­jor pro­ject.

The Aris­tode­mou cou­ple, who were ac­quit­ted to­gether with the com­pany’s drafts­man Christos Solomonides and for­mer mu­nic­i­pal engi­neer Sav­vas Savva, is­sued a state­ment say­ing de­spite their hu­mil­i­a­tion they have been vin­di­cated and have full faith in the jus­tice sys­tem that fi­nally pre­vailed.

“We will take le­gal ac­tion took part or as­sisted in this crime,” it added.

The court had heard that the com­pany had been granted a per­mit for 177 plots but this was al­legedly fal­si­fied later by re­plac­ing the ap­proved ar­chi­tec­tural plans with amended ones, which ceded the com­pany an ad­di­tional area of 2,730 square me­tres for de­vel­op­ment at the ex­pense of the legally man­dated green space and road net­work. The land was es­ti­mated to be worth around EUR 1.1 mln.

Read­ing out the rul­ing, pre­sid­ing judge Dora Sokra­tous said the state pros­e­cu­tors had failed to prove in­tent to de­fraud the public be­yond a rea­son­able doubt.

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